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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
06/23/201615:09:34Amended Statement of Ownership (sc 13g/a)
06/23/201606:03:34Statement of Ownership (sc 13g)
06/16/201612:55:00Activision Blizzard's First In-House TV Series to Air on Netflix
06/16/201611:30:00Activision Blizzard Studios Expands Pioneering Skylanders Franchise...
06/15/201617:39:15Statement of Changes in Beneficial Ownership (4)
06/13/201623:06:00Crash Bandicoot® is Back in Skylanders® Imaginators and in R...
06/13/201606:00:00Gaming Brand and Social Media Giant Join Forces on Latest BizWireTV...
06/10/201613:43:00Kit Harington Takes Villainous Turn in Call of Duty: Infinite...
06/09/201619:42:42Statement of Changes in Beneficial Ownership (4)
06/09/201619:34:36Statement of Changes in Beneficial Ownership (4)
06/09/201618:59:03Statement of Changes in Beneficial Ownership (4)
06/09/201618:53:01Statement of Changes in Beneficial Ownership (4)
06/09/201616:42:04Amended Statement of Beneficial Ownership (sc 13d/a)
06/09/201614:51:00Activision Highlights Top Gaming Franchises at Electronic Entertainment...
06/09/201613:00:00Bungie and Activision Unveil Destiny: Rise of Iron
06/08/201609:00:00Call of Duty XP, the Biggest Call of Duty Fan Event in History...
06/06/201617:30:00Blizzard to Add Some Facebook Login and Live-Streaming Features
06/06/201617:13:00Blizzard to Add Facebook Login and Other Features on Some PC...
06/06/201616:33:04Current Report Filing (8-k)
06/06/201610:00:00Blizzard Entertainment and Facebook Team up to Connect Friends...

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