Activision Hires New CFO From DisneyBy
Current CFO Durkin will become chief corporate officer
COO Tippl moved to vice chairman in executive shuffle
Activision Blizzard Inc. is promoting its chief financial officer and making other senior-management hires as Chief Executive Officer Robert Kotick seeks to deepen the video-game maker’s talent pool, the company said.
Spencer Neumann, chief financial officer of Walt Disney Co.’s parks division, will become Activision’s CFO at the end of the month, replacing Dennis Durkin, who was promoted to chief corporate officer. Chief Operating Officer Thomas Tippl will become vice chairman. Coddy Johnson, former chief operating officer of the company’s Activision game publishing unit, will return with that title at the corporate level in June.
“We added more firepower to the management team to address the expanding scope of our business and capture the numerous growth opportunities through deeper cross-collaboration,” Kotick said in an emailed statement.
Neumann’s hiring expands an executive team that includes former ESPN CEO Steven Bornstein, who became chairman of its esports business in 2015. In February, the company added Tim Kilpin, formerly Mattel Inc. president, to manage consumer products.
Activision, the world’s largest video-game publisher, has expanded in the past couple of years, acquiring mobile-gaming giant King Digital Entertainment for $5.8 billion and introducing new divisions aimed at promoting esports and creating movies and TV shows. Esports are video game competitions played in front of an audience.
The company, whose revenue rose 19 percent to $1.73 billion in the most recent quarter, plans to sell local franchises for competitions based on its Overwatch game. Netflix Inc. has committed to three seasons of a show based on Activision’s Skylanders franchise.
— With assistance by Gerry Smith
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