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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
12/08/201610:00:00Blizzard Entertainment Establishes Book-Publishing Label
12/06/201616:10:00Activision Blizzard Announces New Call of Duty® In-Game Purchase...
12/06/201616:00:00King Announces Winner Of 'America's Next Shuffle Cat' Contest...
12/05/201613:00:00Activision Puts Some “Umph in Your Wump” with the Crash Bandicoot® N. S...
12/03/201615:00:00Call of Duty World League (CWL), Presented by PlayStation®4...
12/01/201611:57:00Crime Rate Soars as Mean Streets of Gadgetzan™ Debuts
11/28/201609:04:00Activision Blizzard Reaches New Pay Deal With CEO
11/27/201621:10:00Activision Blizzard Reaches New Pay Deal With CEO
11/26/201605:21:00Activision Blizzard Reaches New Pay Deal With CEO
11/25/201617:16:05Current Report Filing (8-k)
11/23/201617:23:48Amended Statement of Ownership (sc 13g/a)
11/23/201607:40:00A Ho-Hum Holiday for Videogame Sales
11/18/201618:11:26Statement of Changes in Beneficial Ownership (4)
11/17/201608:00:00Skylanders Imaginators Crowned “Must-Have” Gift This Holiday
11/15/201618:51:00Statement of Changes in Beneficial Ownership (4)
11/14/201618:16:00ADDING MULTIMEDIA Costco, GameStop & Best Buy Join Activision...
11/14/201609:00:00Costco, GameStop & Best Buy Join Activision Blizzard to Support...
11/14/201608:30:00Mobile Gaming Stocks Posting Strong Performance Results Behind...
11/11/201608:08:00On BizWireTV: Shaping the Future of Travel with Microadventures...
11/06/201604:23:00Champions Crowned and Heroes Revealed at BlizzCon® 2016

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