Unity CEO Steps Down Amid Price Hikes and Customer Revolt
<p>It’s time for a new era at gaming development company Unity after its CEO has resigned. John Riccitiello had been in the role since 2014 but oversaw an unfortunate price hike fiasco that led to literal death threats at the company.</p>
<p>An interim CEO has now been installed, and the stock price jumped at the news. Now, Unity needs to regain the broken trust of its customer base. Here’s everything you need to know about the CEO resignation and price hike drama.</p>
<h1>What’s happened with the Unity CEO?</h1>
<p>John Riccitiello is no more. The now-former CEO of games company Unity has departed immediately, with executive James Whitehurst appointed as interim CEO, effective immediately.</p>
<p>Riccitiello has had an unfortunate history in the role of CEO, having formerly been in the top job at EA from 2007 to 2013. After a series of failed acquisitions, EA’s stock <a href="https://learn.tryq.ai/qbits/market-losses" rel="noopener ugc nofollow" target="_blank">fell</a> 60% during his tenure.</p>
<p>Unity’s board has confirmed it’s seeking a new <a href="https://tryq-ai.medium.com/uh-oh-activist-investor-nelson-peltz-is-after-disneys-board-again-cab9fb835fb8" rel="noopener">CEO</a> to take over the helm. Interim chief executive Whitehurst has experience in the role, having been in the top job at RedHat before IBM bought it.</p>
<p>Unity’s <a href="https://learn.tryq.ai/qbits/types-of-stocks" rel="noopener ugc nofollow" target="_blank">stock</a> price rose by 4.3% to $30.99 at the announcement.</p>
<p><a href="https://tryq-ai.medium.com/unity-ceo-steps-down-amid-price-hikes-and-customer-revolt-5fa3e2d412f4"><strong>Read More</strong></a></p>