Ubisoft elevates Frédérick Duguet to chief financial officer
Duguet to take over for Alain Martinez upon his retirement at the end of the year
Ubisoft has announced today it has promoted Frédérick Duguet from his former role as chief financial planning officer to the company's chief financial officer.
He will replace current CFO Alain Martinez when Martinez retires at the end of the year. The appointment is effective on January 1 of 2019.
Duguet joined Ubisoft in 2009, with his role allowing him to work closely with Martinez. The two will continue to collaborate in the lead-up to Martinez's departure with the aim of a smooth transition.
Prior to his position with Ubisoft, Duguet served as finance director for L'Oréal's luxury products division for three years. He has also worked as an associate director for Procter & Gamble.
"The appointment of Frédérick as Ubisoft's Chief Financial Officer is excellent news for the Group," said Ubisoft CEO Yves Guillemot. "His expertise, intimate knowledge of the company and deep understanding of the value creation drivers in the video game industry are all assets that will greatly aid Ubisoft in its new development phase.
"On behalf of all Ubisoft teams, I would like to express my most sincere gratitude to Alain for his unfailing commitment throughout his 19 years with the company. With passion and rigour, Alain has been instrumental in shaping Ubisoft's success and the Group's profile as we know it today."