SAN FRANCISCO–(BUSINESS WIRE)-- Unity (NYSE: U) (the “Company”), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced that John Riccitiello will retire as President, Chief Executive Officer, Chairman and a member of the Company’s Board of Directors, effective immediately. James M. Whitehurst has been appointed Interim Chief Executive Officer, President and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman. Mr. Riccitiello will continue to advise Unity to ensure a smooth transition.
My only complaint is such maneuvers tend to come with golden parachutes - his mismanagement of Unity leading to the whole fee debacle and erosion of trust deserves no such soft landing.
Typically written into the contract, it’s not like they are doing it out of love
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Yeah he’s definetely not innocent, but this is 100% the board at Unity throwing the CEO under the bus to try and control the damage
You’re not wrong; I suppose my criticism is as much of that practice as it is of this individual specifically.
You’re looking for blood you’ll never get unfortunately