Embracer has made some key changes to its executive management team as it begins an extensive restructuring of the group.
The company announced this morning that it was making significant changes to its operations in order to reduce its debts, and shift it from being focused on heavy investments to being a "highly cash-flow generative business."
As part of this, Saber Interactive CEO Matthew Karch (pictured above left) is stepping down from his position and as a board member for Embracer Group to become interim chief operating officer.
Saber Interactive COO Andrey Iones will take over from Karch.
Meanwhile, Phil Rogers (pictured above right) will has been appointed interim chief strategy officer. He will retain his position as CEO of Crystal Dynamics - Eidos.
Following these changes, the group executive management is comprised of six people:
Lars Wingefors, CEO
Johan Ekström, CFO and Deputy CEO
Ian Gulam, Chief of Staff, Legal & Governance
Careen Yapp, Chief Strategic Partnerships Officer
Matthew Karch, interim Chief Operating Officer
Phil Rogers, interim Chief Strategy Officer
Embracer Group has confirmed the restructuring process will involve closing studios and cancelling projects, although no further details have been given.
https://www.gamesindustry.biz/leadership-changes-at-embracer-as-group-restructures
[link] [comments] https://www.reddit.com/r/stocks/comments/1494n8u/leadership_changes_at_embracer_as_group/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
