Activision Blizzard CEO Bobby Kotick

Activision Blizzard CEO Bobby Kotick

It’s been rumored for some period of time now that Activision Blizzard CEO Bobby Kotick will be leaving the Coca-Cola board at the end of this year. This comes as a shock to a lot of people, as Kotick has been a staunch defender of Coke throughout his career. But with Activision Blizzard’s stock price continuing to fall and other opportunities opening up for him, it seems like this is the right time for him to move on.

Activision Blizzard CEO Bobby Kotick to retire in 2022

Activision Blizzard CEO Bobby Kotick is retiring from the Coca-Cola board.

Bobby Kotick, the CEO of Activision Blizzard, is retiring from the Coca-Cola board. Kotick has been part of the board of directors for Coca-Cola for over ten years.

Activision Blizzard is among the world’s largest video game companies. It makes games like call of Duty and Destiny.

Kotick has criticized gaming addiction in children and called for more government regulation of video games. He also said that video games could harm children’s social development.

What this means for the company

According to a report from CNBC, Activision Blizzard CEO Bobby Kotick will leave the Coca-Cola board. The move comes amid Activision Blizzard’s admission that it had overpaid former president and CEO Michael Gallagher by $2 million. Kotick will remain chairman of the board.

Activision Blizzard has been embroiled in controversy recently, with investigations into its accounting practices and former president and CEO Michael Gallagher’s $2 million overpayments. Kotick’s departure from the Coca-Cola board is likely a sign of increasing scrutiny at the company.

Conclusion

Activision Blizzard CEO Bobby Kotick is leaving the Coca-Cola board of directors. The action comes after a period in which both companies have been working together to develop new games for the Overwatch League. Activision Blizzard filed an S-1 registration statement with the SEC on Friday afternoon, revealing that their total equity value will be north of $51 billion when they list their shares on the stock market.