Angry Birds Maker Rovio's Investor Relations Chief Quits After Seven Months
Angry Birds Maker Rovio's Investor Relations Chief Quits After Seven Months
Heinonen joined the company last September, helping the company to carry out an oversubscribed initial public offering.

"Angry Birds" maker Rovio, whose share price has nosedived since a sharp profit warning in February, said on Wednesday that its head of communications and investor relations was leaving the company after less than a year in the job.

Rovio said Rauno Heinonen, senior vice president of communications and investor relations and a member of the company's leadership team, would leave immediately.

He is the second senior executive to leave the Finnish mobile game company in recent months after head of games Wilhelm Taht departed in February.

Heinonen joined the company last September, helping the company to carry out an oversubscribed initial public offering.

Also read: After Nokia 5233 Tragedy, Here’s a List of Old Nokia Feature Phones You Shouldn’t Buy

Rovio spokeswoman gave no reasons for his departure but said it did not have to do with the company's recent communications challenges.

Investor sentiment in Rovio has deteriorated this year, with Rovio's share price plunging 50 percent in February after the company said its sales could fall this year after jumping 55 percent in 2017.

Rovio cited tough competition in the game industry, which also led to high marketing costs. A week after the profit warning, the company said Taht would leave Rovio immediately for personal reasons.

Also read: Polaroid Insta-Share Printer MotoMod Video: Now Print Photos From Your Phone

Heinonen was not immediately available for a comment. Rovio will hold its first annual general meeting on April 16.

What's your reaction?

Comments

https://tupko.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!