Sections

Riccardo Zacconi to step down as CEO of King

Zacconi has been in charge of the Candy Crush developer for 16 years

King co-founder Riccardo Zacconi will step down as CEO of the company in July.

A regulatory filing showed that Zacconi will bring his 16 year tenure to an end on July 1, at which point he will take on the position of chairman. The move will result in a reduction in Zacconi's salary, and his percentage share in the King profit pool.

No mention was made of who will succeed Zacconi as CEO, a role that no other person has occupied since the company was founded in Stockholm, Sweden in 2003.

In January this year, Activision Blizzard restructured into three business units, with a new president appointed for each one. Humam Sakhnini was installed as president of King, reporting directly to Zacconi.

King was acquired in November 2015 for $5.9 billion. The deal brought Candy Crush and King's other mobile IP under the control of Activision Blizzard.

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

Blizzard loses global esports director Kim Phan

Phan is the second high ranking departure from Blizzard's esports department in recent weeks

By Haydn Taylor

Call of Duty: Modern Warfare "eliminates season pass" - so how will it fund DLC? | Opinion

Activision promises to deliver more free maps and post-launch events as it gears up for large-scale cross-play multiplayer

By James Batchelor

Latest comments

There are no comments on this article yet. Why not be the first to post one?

Sign in to contribute

Need an account? Register now.