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Activision Blizzard Names Microsoft's Durkin To CFO Post

DOW JONES NEWSWIRES Activision Blizzard Inc. (ATVI) tapped Microsoft Corp. (MSFT) executive Dennis Durkin to serve as its new chief financial officer. The executive appointment comes less than a week after the company said it will lay off about 600 employees in its Blizzard Entertainment unit, which runs the popular "World of Warcraft" online fantasy-game franchise. About 90% of the job cuts will come from departments "not related to game development," the company said. Activision Blizzard's earnings have improved in recent quarters as the company gears up for the release of several big titles this year. Durkin, 41 years old, will take the CFO role from current Chief Operating Officer Thomas Tippl, who has filled in as the videogame company's interim finance chief since his promotion to COO in 2010. Durkin has worked at Microsoft since 1999. He most recently served as the chief operating and financial officer in charge of Microsoft's interactive entertainment business, which makes the tech giant's Xbox gaming system. Activision Blizzard's shares were recently up a penny at $11.68 Monday. The stock is off 5.2% so far this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Activision Blizzard (ATVI)
DateTimeHeadline
02/08/201617:26:35Current Report Filing (8-k)
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02/08/201616:06:53Current Report Filing (8-k)
02/05/201618:04:06Annual Statement of Changes in Beneficial Ownership (5)
02/05/201617:35:00Annual Statement of Changes in Beneficial Ownership (5)
02/05/201606:00:00Watch the latest BizWireTV from Business Wire
02/03/201618:18:28Statement of Changes in Beneficial Ownership (4)
02/03/201618:16:36Annual Statement of Changes in Beneficial Ownership (5)
02/03/201618:11:17Statement of Changes in Beneficial Ownership (4)
02/02/201613:00:00Call of Duty: Black Ops III Awakening Available Now
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01/25/201608:00:00Activision Blizzard to Release Fourth Quarter 2015 Financial...
01/19/201615:25:39Amended Statement of Beneficial Ownership (sc 13d/a)
01/15/201603:09:00Vivendi Sells Activision Blizzard Shares, Gains $1.5 Billion
01/13/201609:30:00Activision Blizzard Names Stacey Sher Co-President
01/13/201609:20:00Activision Blizzard Names Stacey Sher Co-President
01/13/201608:00:00Activision Blizzard Studios Names Stacey Sher Co-President to...
01/05/201618:47:33Statement of Changes in Beneficial Ownership (4)
01/05/201618:46:35Statement of Changes in Beneficial Ownership (4)
01/05/201618:45:45Statement of Changes in Beneficial Ownership (4)

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