Melvyn Morris, the chairman of UK-based Candy Crush producers King Digital has resigned, citing “personal reasons”. He is to be replaced by King Digital board member Gerhard Florin. Morris is the company’s second-largest stakeholder. King Digital’s profits have slumped by 20% year-on-year recently.
Chief executive Riccardo Zaccini said that King Digital bosses were looking forward to collaborating with Florin in his new role whilst awaiting the return of Morris. It is not known when Morris will return to the company. Gerhard has worked in executive roles at EA and record company BMG during his long career.
King Digital are perhaps best known for the Candy Crush Saga game, though the company has been struggling to defeat its competitors in the mobile game sector. It went public in March, though its shares have fallen by almost 17% during 2014. Whilst it reported revenue of over $621.2 million for Q3 2013, it could only make $514.4 during the third quarter of this year.
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