×
You will be redirected back to your article in seconds

Dennis Durkin Reinstated as Activision Blizzard CFO

Dennis Durkin is returning to his role as chief financial officer of Activision Blizzard, the company announced Wednesday via press release.

Durkin, who most recently held the position of chief corporate officer, previously held the position of CFO from March 2012 to May 2017. He will report to CEO Bobby Kotick and will replace Spencer Neumann, the previous CFO “who was terminated for cause for violating his legal obligations to the Company,” according to a press release.

Neumann is reportedly leaving Activision Blizzard for the role of CFO of Netflix, according to reports from Tuesday.

Activision Blizzard excelled with Durkin as CFO, according to Kotick.

“Dennis is a leader with unimpeachable integrity and exemplary character who displays impeccable judgment,” Kotick stated. “He is a seasoned leader known for driving financial and operational excellence. We missed having him in a more day-to-day operational and financial role and are glad to have him back as CFO.”

During his time as CFO in the past, Durkin was pivotal in the buyback of Vivendi shares in 2013 and the acquisition of mobile gaming powerhouse King in 2016.

Under the financial leadership of Durkin, the company’s stock price grew over 400 percent, according to the press release.

“I’m proud of Activision Blizzard’s long track record of delivering world-class interactive entertainment,” said Durkin. “I look forward to returning to the role as CFO, and to partnering with the Company’s talented management team to drive superior value for our employees, player communities and our shareholders.”

More Gaming

  • Kraken in Sea of Thieves

    'Sea of Thieves' February Update Requirea Players Re-Install Game

    A major update to Rare’s pirate role-playing game “Sea of Thieves” will require all players to download and fully re-install the game on Feb. 6. In a blog post on the official “Sea of Thieves” website, executive producer Joe “Three Sheets” Neate announced the studio’s plans to introduce improvements to the installation and patching process, [...]

  • 'The Division 2' Story Trailer Depicts

    'The Division 2' Story Trailer Depicts Nation in Turmoil, Dates Private Beta

    The latest trailer for “Tom Clancy’s The Division 2” shows the US in turmoil after warring factions take over, as shared by Ubisoft via its YouTube channel Wednesday. There’s talk in the story trailer of overcoming a virus outbreak (a throwback to the first game, “Tom Clancy’s The Division”) but it is revealed that violent [...]

  • Magic leap Is Hiring to Build

    Magic Leap Plans to Expand to Mobile AR

    Magic Leap is getting ready to embrace augmented reality (AR) on mobile devices. The company is currently looking to hire a senior software engineer for mobile AR, who will be tasked with “expanding Magic Leap’s platform to mobile devices,” according to a new job listing. A Magic Leap spokesperson declined to comment. Magic Leap released [...]

  • Star Wars Battlefront II

    EA 'Fully Committed' To Making More 'Star Wars' Games

    Publisher Electronic Arts tells Variety that it’s still fully committed to making more “Star Wars” games following a report that its studios are no longer working on an open world game set in the “Star Wars” universe, but rather a smaller game with a faster development turnaround. Three anonymous sources told Kotaku on Tuesday that EA [...]

  • 'Westworld Mobile' Lawsuit Settled, Game Begins

    'Westworld Mobile' Lawsuit Settled, Game Begins Shutdown Process

    The “Westworld Mobile” game produced by Warner Bros. and Behaviour Interactive has now been removed from app stores after a related copyright infringement lawsuit from game studio Bethesda was reported by both parties to be “amicably” settled. There are few details on the specifics of the settlement, which was filed on December 12th, but the [...]

  • Supercell's 'Brawl Stars' Clears Over $63

    Supercell's 'Brawl Stars' Clears Over $63 Million in One Month

    Finnish mobile developer Supercell’s recent release “Brawl Stars” has made over $63 million in its first month on the market. This figure comes from mobile market research firm Sensor Tower, which estimates the developer’s first new game in nearly three years racking in sales to the tune of the average of almost $2 million a [...]

  • 'Hitman' Developer Opens New Studio, Teases

    'Hitman' Developer Opens New Studio, Teases Future Projects

    “Hitman” developer IO Interactive is opening a new studio in Malmö, Sweden, it announced on its official website on Wednesday. “We are super excited and proud to announce IOI Malmö. We will expand IOI to join a buzzing game developer community and bring our own unique IOI culture to this amazing town,” said IO Interactive [...]

More From Our Brands

Access exclusive content