Codemasters CEO and CFO to Step Down Later This Month After EA Acquisition

It was all part of the plan according to them.

Two leaders of game studio Codemasters have decided to step down from their positions with their latest announcement.

Frank Sagnier and Rashid Varachia, CEO and CFO respectively, have announced their departure from the game company after the acquisition of the studio by EA. The acquisition was completed way back in February this year.

Sagnier did state that his and Varachia’s departure has “always been part of the plan”. This was just sped up after EA finally absorbed their studio.

Codemasters and Slightly Made, a subsidiary, will be led by Cam Weber under EA Sports. Slightly Mad will still continue to be led by Studio CEO Ian Bell, while SVP of Product Development Clive Moody and SVP of Publishing Jonathan Bunney will lead Codemasters going forward.

“Since joining in 2014, Frank has led Codemasters to a position as a globally renowned studio of racing experts, and enabled their world class talent and passion for motorsports to shine and excel on a global stage,” EA said in a statement.

“Rashid’s financial leadership has also been integral to Codemasters’ success, his contributions include driving key acquisitions, listing on the stock market back in 2018, and leading the due diligence and integration of Codemasters into EA.

“We are incredibly thankful to Frank and Rashid for everything they have done for Codemasters and Electronic Arts, and we all wish them the very best. We know the culture they have created and their innovative spirit will very much live on at the studio through their outstanding leadership team.”

Both former CEO and CFO will be leaving Codemasters by the end of July 2021.

Source: GameIndustry.biz