Embracer CFO and deputy CEO to depart after 5 years



Embracer CFO and deputy CEO Johan Ekstrom is stepping down after 5 years, and the corporate already has his replacements lined up.Deputy CFO Muge Bouillon might be appointed CFO on September 1, 2024. Crystal Dynamics CEO Phil Rogers, who was just lately named chief of Embracer’s newly-formed Center-earth Enterprises and Associates enterprise, will tackle the position of deputy CEO of Embracer on June 1, 2024. Each Bouillon and Rogers will function members of the chief administration workforce.Ekstrom will formally depart on March 31, 2025. After aiding with the management transition he’ll give attention to serving to Embracer notice its plan to separate into three corporations.Embracer CEO Lars Wingefors thanked Ekstrom for his contributions through the years, however mentioned his predecessor has already accrued “huge” quantities of expertise.”I wish to thank Johan for his important work and contribution to the event of Embracer as we see it right this moment. He has performed an instrumental position in growing and implementing the technique we launched into in 2016 in addition to reaching the targets set out within the just lately concluded restructuring program,” mentioned Wingefors.”On the similar time, I’m excited to welcome Müge Bouillon as the brand new everlasting CFO for the group from September. Müge already performs an important position within the firm in her position as Deputy CFO, together with within the execution of the restructuring program and within the course of to separate Embracer into three publicly listed corporations. She brings huge, worldwide CFO expertise and might be a powerful addition to our workforce throughout this important interval for the corporate.”Embracer is at present splitting its enterprise into three separate entities: Asmodee, Espresso Stain & Associates, and Center-earth Enterprises & Associates. The transfer comes after months of upheaval inside Embracer that noticed the conglomerate sanction mass layoffs, undertaking cancellations, studio closures, and big divestments.