Throughout this year we have witnessed how companies like Sony, for example, have added new studies to its ranks, as did Electronic Arts last March when confirming that there was bought Codemasters for $ 1.2 billion, so that all the franchises of the latter were going to become EA.
However, five months after this news it was just made official that Frank Sagnier and Rashid Varachia, the CEO and the CFO of Codemasters, respectively, have announced their departure from the company. As we can read in GamesIndustryBoth have stated that their departure had always been part of the plan, something that will be fully effective at the end of July.
Given this news Electronic Arts has wanted to make the following statement in which it has deeply grateful for the work and dedication of both
Since joining in 2014, Frank has led Codemasters to a position as an expert studio for racing games and has allowed his talent and passion for motorsport games to shine and shine across the world.
Rashid’s financial leadership has also been an integral part of Codemasters’ success, his contributions include driving key acquisitions, listing on the stock market in 2018, and leading the diligence and integration of Codemasters into EA.
We are incredibly grateful to Frank and Rashid for all they have done for Codemasters and Electronic Arts and we wish them all the best. We know that the culture they have created and their innovative spirit will live on in the studio through their outstanding leadership team.
With this change in the company the current senior vice president of product development, Clive Moody, and the senior vice president of publications, Jonathan Bunney, will be chosen to go on to lead Codemasters in the future. On the other hand, at the time Electronic Arts assured that this union is part of its growth strategy with the sole purpose of providing better experiences to players around the world.
