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.
Typically written into the contract, it’s not like they are doing it out of love
True, at the end of the day, he did irreversible damage to Unity’s image with this move.
In his defense, he likely wasn’t alone in making this decision or approving of it, so there’s that.
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.