The leading name in real-time 3D (RT3D) content creation, Unity (NYSE: U), has just made a major announcement that will set new trajectories for its future. John Riccitiello, the long-serving President, CEO, Chairman, and Board Member of Unity, has decided to step down from his positions with immediate effect. To ensure a seamless transition, James M. Whitehurst, with an extensive background in the tech industry, has been entrusted with the roles of Interim Chief Executive Officer and President.
Roelof Botha, previously the Lead Independent Director of the Unity Board, takes on the responsibility of Chairman. While Riccitiello bids farewell to his active roles, he promises continued support to Unity during this significant shift.
A Decade of Exceptional Leadership
Under Riccitiello’s impactful tenure since 2014, Unity underwent massive transformations. From transitioning to a subscription model from a perpetual license to launching various game services for the vast creator community, Riccitiello’s leadership has been instrumental. He also played a pivotal role in leading Unity through its IPO, making it a renowned name in the developer community. Botha, reflecting on John’s journey, stated, “Unity would not be where it is today without the impact of his contributions.”
Riccitiello expressed his gratitude for the privilege of leading Unity, acknowledging the collective effort of employees, customers, developers, and partners that fueled the company’s growth.
Introducing James M. Whitehurst – The New Unity Interim CEO
James M. Whitehurst is no stranger to leading top-tier tech companies. Before joining Unity, Whitehurst had significant stints at IBM, where he served as a Senior Advisor and President, and at Red Hat, the prominent open-source enterprise IT product and services provider. As CEO of Red Hat from 2008 to 2020, Whitehurst showcased his adeptness in the tech domain.
On his appointment at Unity, Whitehurst expressed, “I am honored to join Unity… With the Company’s experienced leadership and passionate employees, I am confident that Unity is well-positioned to continue enhancing its platform.”
Upcoming: Unity’s Q3 2023 Financial Results
Unity has given a nod to its earlier announced financial guidance for the third quarter of 2023. The final results, subject to the company’s financial closing procedures, are set to be unveiled after the market closes on Thursday, November 9, 2023. Stakeholders can tune in to a webcast at 2 p.m. PT/5 p.m. ET the same day for more insights. Replays and further details will be available on Unity’s Investor Relations website.
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