Activision Blizzard put his financial director, Spencer Neumann, on a paid leave after informing him that he intends to dismiss him from his position.
CNBC announced that Activision Blizzard shares fell by 1% after the company's plans became public. This did not help the overall loss of 26% that the company had in the past year.
Details of Neumann fire plans can be found in the regulatory presentation of Activision Blizzard. He declares that termination is not related to the company's financial report or control and disclosure procedures. It also states that paid leave is in effect to allow Neumann to prove that there is no reason to halt his employment.
At this time and efficiently from today, the former CFO, Dennis Durkin, who is currently a corporate director, will assume the responsibilities of Neumann. If Neumann fails to return the CFO post after the paid leave, Durkin will last permanently.
A source close to the problem says that all this happened after Netflix approached Neumann to assume the role of CFO in the streaming company. Neumann previously worked in Disney before his position at Activision Blizzard. So far, the company has not commented on such reports.
This also comes after Blizzard Entertainment unexpectedly announced it would reduce the development of its MOBA, the Heroes of the Storm. The company also has a turbulent time after the new Blizzcon 2018, where it received a lot of public criticism after announcing its new Diablo title for the mobile Diablo Immortal.
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