After over 30 years leading Activision Blizzard, CEO Bobby Kotick has confirmed he will step down from his role by the end of 2023. This news comes on the heels of Microsoft’s massive $68.7 billion acquisition of Activision Blizzard, which was finalized earlier today.
Kotick has faced mounting criticism and controversy during his tenure as CEO. Last year, a California lawsuit alleged a culture of sexual harassment and discrimination at the Call of Duty publisher. Employees have also accused Kotick of failing to address these toxic workplace issues properly. Hundreds of workers staged walkouts, calling for his resignation.
Despite the turmoil, Kotick has achieved huge financial success for Activision Blizzard. He engineered the 2008 merger between Activision and Vivendi Games, forming the combined Activision Blizzard. And in 2016, he led the company’s $5.9 billion acquisition of mobile game maker King.
But it seems Kotick’s time is now ending. In an email to employees, Xbox chief Phil Spencer confirmed he asked Kotick to stay on as CEO through 2023 “to ensure a smooth and seamless integration” as Microsoft takes over.
So, while Activision Blizzard enters a new chapter under Microsoft’s control, its controversial leader, Bobby Kotick, will remain at the helm for a little while longer. But by next year, the CEO, who maintained control of the company for over three decades, will finally step down.
Kotick leaves a mixed legacy. He oversaw incredible growth and profits. However, his handling of workplace issues tarnished Activision Blizzard’s culture. Employees and the public alike have called for accountability and change.
As Bobby Kotick exits in 2023, many will view it as a necessary step towards reforming Activision Blizzard’s reputation. However, the company still faces multiple lawsuits and investigations. With the Microsoft deal now closed, Activision Blizzard has an opportunity to rebuild trust and transform its work environment. But it won’t be easy.
