Wednesday, May 28, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

John Riccitiello steps down as unity CEO with former Red Hat chief exec Jim Whitehurst taking over for now

Simon Osuji by Simon Osuji
October 10, 2023
in Creator Economy
0
John Riccitiello steps down as unity CEO with former Red Hat chief exec Jim Whitehurst taking over for now
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Weeks after upsetting developers with a proposed runtime fee, only to quickly backtrack on the idea, Unity announced today that CEO John Riccitiello was stepping down from his multiple roles as president, CEO and board chair, going from having a ton of responsibility to having a lot of time on his hands.

In a surprise move, the company turned to a seasoned enterprise executive, announcing that former Red Hat CEO Jim Whitehurst would be taking over the role for now. Whitehurst is a placeholder while the company searches for a permanent replacement, according to the company. Roelof Botha, who is the lead independent board member, will take over as board chair for the time being.

“With the Company’s experienced leadership and passionate employees, I am confident that Unity is well-positioned to continue enhancing its platform, strengthening its community of customers, developers and partners, and focusing on its growth and profitability goals. I look forward to working closely with the Board and our talented global team to execute on our strategy, and I anticipate a seamless transition,” Whitehurst said in smooth statement, but whether that’s the case or not time will tell.

As TechCrunch’s own Devin Coldewey wrote last month, the pricing scheme caught the community off guard and the response was universally negative, leading to the company backtracking on the proposal:

The changes were announced only last week, and immediately attracted the ire of nearly everyone in the gaming community, prompting a panicked “clarification” soft-pedaling of the “runtime fee” that would be owed with every install of a game past a certain level of revenue. The plan was intensely unpopular, as apart from the increased costs many would incur under it, it suggested that the people running the show at Unity were completely disconnected from the community.

The leadership change creates a period of uncertainty for the games engine as it looks for a new leadership team. The company stock is down 1.5% after hours. It will be reporting third-quarter results on November 9.

Source link

Related posts

Starbucks Is Hiring a Pilot to Captain Its Company Aircraft

Starbucks Is Hiring a Pilot to Captain Its Company Aircraft

May 27, 2025
Ahead of WWDC, Apple says App Store blocked $2B in fraud transactions last year, $9B in past 5 years

Ahead of WWDC, Apple says App Store blocked $2B in fraud transactions last year, $9B in past 5 years

May 27, 2025
Previous Post

the sculptor on making art from waste, and waking up the artist in all of us

Next Post

Unity CEO John Riccitiello Steps Down After Pricing Blowup

Next Post
Unity CEO John Riccitiello Steps Down After Pricing Blowup

Unity CEO John Riccitiello Steps Down After Pricing Blowup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

SAAF continues to show strong interest in the C-390 Millennium

SAAF continues to show strong interest in the C-390 Millennium

4 months ago
Standard Chartered Launches Mobile Lending App SC Juza

Standard Chartered Launches Mobile Lending App SC Juza

12 months ago
Saudi targets 48GWh battery storage by 2030, initiates PPP tender process

Saudi targets 48GWh battery storage by 2030, initiates PPP tender process

7 months ago
Creecy unveils private sector role in revitalising rail and port infrastructure

Creecy unveils private sector role in revitalising rail and port infrastructure

2 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.