Unity Announces Leadership Transition, Changing of CEO

[John Elden Ring]

SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U) (the “Company”), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced that John Riccitiello will retire as President, Chief Executive Officer, Chairman and a member of the Company’s Board of Directors, effective immediately. James M. Whitehurst has been appointed Interim Chief Executive Officer, President and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman. Mr. Riccitiello will continue to advise Unity to ensure a smooth transition.

The Board will initiate a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CEO.

Working with Unity under John's leadership has been one of the highlights of my career. John joined the Unity Board in 2013 and stepped in to lead the Company in 2014, at a time when we faced significant challenges,” Mr. Botha said. “John has led Unity through incredible growth over the last nearly 10 years, helping us transition from a perpetual license to a subscription model, enabling developers to monetize, building other game services to serve our creator community, leading us through an IPO and positioning us as a pioneer in the developer community. Unity would not be where it is today without the impact of his contributions. I remain excited for the future of Unity.

It’s been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers and partners, all of whom have been instrumental to the Company’s growth,” Mr. Riccitiello said. “I look forward to supporting Unity through this transition and following the Company’s future success.

 

[alphachino]

disappointed to be honest, was hoping to see Unity continue burning.

 

[flaccidsnake]

Too late. In the last month, a ton of indie devs figured out that Unity wasn't that great anyway.

 

[Entropi]

Yeah, trust is built in drops and lost in buckets.I think devs ain’t trusting Unity again.

 

[Zzero]

The locust is off to ruin someone else's harvest.

 

[KiryuRealty]

You forgot to start the thread title with “SHOCKING NEWS!”

 

[Cool hand luke]

To all those with a tinfoil hat theory about Jim Ryan: this is what a firing looks like.

 

[ToTTenTranz]

This is what I love about companies that answer to shareholders. You fuck up, you get the boot.

Imagine if our politicians were held to this standard, instead of doing their crap until the end of their term.