"After nine years as CEO of the studio behind Control and Alan Wake, Tero Virtala has departed the role. Remedy cofounder Markus Mäki is taking over on an interim basis (and stepping down as chairman of the board) while the company looks for a permanent CEO. Henri Österlund, a board member since 2017, is Remedy's new chairman. "I want to thank Tero Virtala for his substantial contribution to the management of Remedy since 2016," Mäki said in a statement."
"However, it's been a rough year for Remedy after its latest game, FBC: Firebreak, failed to meet sales expectations. Earlier this month, the company issued a profit warning to investors and lowered "its long-term sales forecast for the game." Remedy now expects its operating profit for the year to be in the red after recognizing a "non-cash impairment" of €14.9 million ($17.3 million) related to FBC: Firebreak development costs as well as publishing and distribution rights."
"Remedy said in August the game had underperformed on Steam, which the company had intended as its "primary consumer sales channel on PC." After feedback from players, Remedy swiftly rolled out multiple patches for FBC: Firebreak - its first multiplayer title - to try to improve the game. It released the first major update for FBC: Firebreak last month to revamp the core gameplay and overhaul the on"
Tero Virtala left the CEO role after nine years and cofounder Markus Mäki stepped in as interim CEO while resigning as chairman; Henri Österlund became the new chairman. Virtala will remain for a transition period to assist with handover. The departure was described as by mutual consent. Remedy issued a profit warning, lowered the long-term sales forecast for FBC: Firebreak, and recorded a €14.9 million non-cash impairment related to the game's development and publishing rights, pushing expected operating profit into the red. FBC: Firebreak launched in June, reached about 500,000 early players but underperformed on Steam, prompting multiple patches and a major gameplay update.
Read at Engadget
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