Controversial Activision Blizzard Boss Bobby Kotick to Remain CEO Until End of 2023
Following confirmation of Microsoft’s buyout of Activision Blizzard, controversial CEO Bobby Kotick has confirmed he will remain boss of the Call of Duty maker only until the end of 2023.
In an email to all Activision Blizzard employees, Kotick said Xbox boss Phil Spencer had asked him to stick around as CEO to the end of this year, suggesting an exit in 2024.
“I have long said that I am fully committed to helping with the transition,” Kotick said. “Phil has asked me to stay on as CEO of ABK, reporting to him, and we have agreed that I will do that through the end of 2023. We both look forward to working together on a smooth integration for our teams and players.”
Kotick stands to make hundreds of millions of dollars from Microsoft's eye-watering $69 billion buyout of Activision Blizzard. Last year, Reuters reported the CEO was set to receive a windfall of at least $390 million, the majority of which is based on stock purchased and awarded through incentive based compensation.