Rovio CEO flies the coop
With over half a decade leading Rovio's flock, CEO Mikael Hed announced today that he will be stepping down as the company's head man starting January 1st of next year. The co-founder will hand over the keys to the Angry Birds developer to Pekka Rantala, who is currently serving as the company's Chief Commercial Officer, a position he took in June of this year.
Rovio's profits have taken a bit of a dive recently, as companies like King (Candy Crush Saga) and Supercell (Clash of Clans) have overtaken the throne that Angry Birds once easily claimed. In fact, 2013's profits were less than half of what they were in 2012 for Rovio, as the company's key franchise has failed to translate -- in a profitable way -- to new genres like racing and role-playing.
Subscribe to Newsletter
Software Updatesmore updates
- Dropbox adds file/folder renaming and Office document editing to iOS app
- Vizzywig 8xHD price tag now a very affordable $49.99
- Automatic targets teen drivers with License+ service
- Dropbox adds support for TouchID
- YouTube for iOS gets updated with full support for iPhone 6 and 6 Plus
- iOS 8.0.1 update now available (Updated -- Don't update!)