Sections

Rovio investor relations boss leaves after seven months

Rauno Heinonen only joined in September ahead of IPO, second major exec to depart this year

The problems at Angry Birds developer Rovio continues as the company loses another senior executive.

Reuters reports that Rauno Heinonen, senior vice president of communications and investor relations, has left after less than a year at the firm. No reason has been given for his departure.

Heinonen originally joined in September 2017 to assist with Rovio's IPO, which was oversubscribed and valued the mobile games firm at $1 billion. His departure marks the second significant loss this year, following head of Wilhelm Taht's decision to leave in February.

Rovio is currently going through tough times as new releases have failed to meet expectations and investors have been disappointed with the firm's profits. The company insists it actually enjoyed its best year ever in 2017, but this has not prevented share prices plummeting.

The mobile firm has even proposed cutting the salaries of some of its senior execs to counteract the financial turmoil it finds itself in, and has been compelled to close its London studio just one year after it opened doors.

Following its floatation, Rovio will hold its inaugural annual general meeting next week.

If you have jobs news to share or a new hire you want to shout about, please contact us on newhires@gamesindustry.biz

Related stories

Rovio doubles down on Angry Birds with new content roadmap

Multimedia strategy includes stage shows, location-based events, and long form animated series

By Haydn Taylor

Rovio's Q1 revenues hold steady at €65.7 million, but profitability is rising

Operating profit up 73% to €9.2 million and Angry Birds 2 is growing as mobile firm prepares for rising user acquisition costs

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.