New CFO appointed at Activision

More top level management moves for Activision this week, as the firm announces the appointment of Thomas Tippl in the role of Chief Financial Officer.

With over fourteen years experience at Proctor and Gamble, newly appointed CFO Thomas Tippl joins the publisher with clear ambitions in mind. Commenting on his appointment, Tipple sated "I expect to build on the solid financial foundation that exists at Activision to continue to maximize long-term shareholder value by focusing on sustained profitability, identifying and exploiting additional sources of revenue, expanding our operating margins, and maintaining Activision's culture of financial integrity."

Tipple will be replacing William Chardavoyne, who has held the role of CFO at Activision for the past five years. Bobby Kotick, chairman and CEO added "Bill Chardavoyne has contributed enormously to our strong financial and operational execution over the past five years. Today, Activision has a solid financial management organization and maintains one of the strongest balance sheets in the industry. We are deeply grateful for Bill's contributions over these last five years."

Tippl's appointment is the latest in a number of high profile management shuffles for Activision, following the reduction of president Richard Steele's day-to-day involvement in European distribution and the announcement of publishing boss Kathy Vrabeck's resignation earlier in the week.