Key Takeaways
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- Tero Virtala, Remedy Entertainments CEO for nine years, has resigned due to the underperformance of the game Firebreak.
- Markus Mäki, previously an advisor, will act as interim CEO until a permanent replacement is found.
- Despite lower-than-expected sales for Firebreak, Remedy views its successful launch across all platforms as evidence of their capability to manage future independent game releases.
- Following the sales of Firebreak, Remedy Entertainment is revising its revenue and profit forecasts, predicting overall revenue growth but a decline in profits.
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Remedy Entertainment’s CEO Resigns, Markus Mäki Steps In Post-Firebreak Sales Slump
On Tuesday, October 29, 2024, Tero Virtala, CEO of Remedy Entertainment for nine years, resigned, citing the commercial performance of Firebreak. Markus Mäki, formerly an advisor, will act as CEO until a permanent replacement is found. According to IGN, Mäki’s immediate priority was to reassure shareholders. He highlighted that the launch of Firebreak went smoothly across all platforms. While acknowledging that sales fell short of expectations, the company views this technical success as evidence of its ability to manage future game releases independently. Following Firebreak’s sales, Remedy is revising its revenue and profit forecasts. The company had initially anticipated increased revenue and profits but now projects overall revenue growth with a decline in profits.
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