Tero Virtala has stepped down as Remedy CEO with immediate effect. Virtala, who was appointed CEO in 2016, will continue to work for the developer for an “agreed transition period” while it begins the process of appointing a new leader.
Remedy co-founder and chief product officer Markus Mäki will take on the role of interim CEO, effective as of today (October 22). Mäki has been on the developer’s board of directors since 1995, and is also chairman of the board. As Mäki becomes interim CEO, Henri Österlund will take over Mäki’s previous role as chairman of the board. Österlund has been a board member since 2017.
“I want to thank Tero Virtala for his substantial contribution to the management of Remedy since 2016,” said Mäki. “I personally thank Tero for good cooperation and wish him all the best for the future.”
Last week, Remedy announced it would be adjusting its financial outlook for 2025 following “weak sales” of its first multiplayer title, FBC Firebreak. It recognised a non-cash impairment of €14.9 million, representing the game’s development costs alongside publishing and distribution rights.
Remedy previously forecast both its revenue and operating profit would increase from the previous year. It now estimates a decrease in operating profit as Firebreak did not meet “internal targets.”
Remedy CEO Tero Virtala steps down after nine years
Submitted 2 days ago by slaacaa@lemmy.world to games@lemmy.world
https://www.gamesindustry.biz/remedy-ceo-tero-virtala-steps-down-after-nine-years
Comments
slaacaa@lemmy.world 2 days ago
pedro@lemmy.dbzer0.com 2 days ago
That’s a shame, remedy has made some absolute bangers under his tenure, I hope his departure doesn’t change their output too drastically
Kyle_The_G@lemmy.world 2 days ago
Thats too bad But I kind of get it. I adored Alan wake and control but never played firebreak, was it any good?
voracitude@lemmy.world 2 days ago
I got Control: Ultimate Edition for $4 on sale recently and was really surprised by how good it is. One of the few games I’ve stuck with right through to beating it, and the DLC too. I’ve been considering Firebreak but the backlog is long and money is a little tight for frivolous promises right now. Sounds like I should play Alan Wake, though!
Kyle_The_G@lemmy.world 2 days ago
Its a cool game and there is really nothing like it but I won’t lie I hate actually playing it, the controls and gameplay are just meh and some of the bosses are ridiculous but the setpieces and everything else was top tier.
Contramuffin@lemmy.world 2 days ago
I liked Control but Alan Wake was a sludge. Its age really shows. That being said, it wasn’t necessarily bad enough that I couldn’t tank through the game, but if Control were in lower A tier, Alan Wake would be upper C tier
False@lemmy.world 2 days ago
It seems to have gotten a pretty mediocre reception in a crowded market space prone to “winner takes all”, so flopped pretty hard
simple@piefed.social 2 days ago
Between alan wake 2 barely breaking even and fbc firebreak flopping hard, I can see why they would change the CEO. hopefully this doesn’t compromise the actual games in the future to try and get more money
False@lemmy.world 2 days ago
I’m still hoping Alan Wake 2 will end up on Steam some day.
dukemirage@lemmy.world 2 days ago
or GOG
Damage@feddit.it 2 days ago
Well if he’s the one who decided for epic exclusivity, yeah, otherwise no
teawrecks@sopuli.xyz 2 days ago
AW2 was incredible, but I knew it wouldn’t do well when I played it, because it’s too niche. I love the Weird Fiction universe they’re building, but it’s just not pulling the Resident Evil audience.
Firebreak I think was their attempt to monetize the IP, but oof, it’s just not fun. I feel like they could have gone more “friend slop” in tone and been much more successful. Imagine a game loop like Repo or Lethal Company, but set in the Oldest House, interacting with weird, goofy phenomena. Instead it’s a very dry shooting experience wrapped in a very dry upgrade system. I want to support them, but it feels like work to play this game…
QueenMidna@lemmy.ca 2 days ago
Firebreak would have been just perfect for the Helldivers treatment
daggermoon@lemmy.world 2 days ago
Alan Wake 2 sold like shit because no physical release on launch for console and it’s still only available on Epic Games Store for PC. I refused to buy it until the physical release came out. Good game by the way.