President Humam Sakhnini, who worked for six years at King and 12 years at Activision Blizzard, is also stepping down from his role, with Tjodolf Sommestad replacing him. According to the company, Sakhnini is stepping down to return to the United States.
This executive shakeup comes at a time when Activision is already facing a lawsuit from California regulators alleging the company "fostered a sexist culture". Activision has also been the subject of investigative stories detailing allegations of sexual harassment internally, and its employees have staged walkouts to protest the company's response to the issues.
During its fourth-quarter earnings announcement, Activision said King's in-game net bookings grew 14% year-over-year, driven by 20% growth in its largest franchise, "Candy Crush".Reporting by Tiyashi Datta in Bengaluru; Editing by Maju SamuelSign up to our legal newsletter for a smart look at the day's headlines concerning the practice of law.
Source: News Formal (newsformal.com)
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