Activision Blizzard’s president and COO is leaving the company
Activision Blizzard’s president and COO is leaving the company, it’s been announced.
Daniel Alegre, who has served in his role since 2020, will depart on March 31 when his current employment contract expires, the company said this weekend.
According to the announcement, Alegre is leaving to pursue another opportunity.
The COO’s exit will almost certainly pre-empt the conclusion of Microsoft’s proposed $69 acquisition, which was due to complete by next summer but is now the subject of an FTC lawsuit attempting to block the deal.
A proxy statement filed with the US Securities and Exchange Commission last year confirmed that CEO Bobby Kotick is the sole Activision Blizzard executive to hold change-of-control protection that would reward him financially in the event that he’s replaced following a takeover.
Should he be terminated following Microsoft’s acquisition, Kotick could be in line to receive hundreds of millions of dollars.
Kotick came under fire this year for allegedly enabling a toxic workplace culture at Activision Blizzard.
In November, a Wall Street Journal report alleged that Kotick was aware of multiple sexual misconduct allegations at Activision Blizzard.
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