Unity CEO John Riccitiello is retiring from gaming software company after controversial pricing change

Unity CEO John Riccitiello is stepping down as CEO of the gaming software company and will no longer be on its board.In September, Unity announced a controversial pricing change that upset developers who rely on the company's technology to create video games.CEO John Riccitiello is retiring from the game software company after nine years, following a controversial pricing change that frustrated numerous developers.

Riccitiello, who's been running Unity for nine years, will also step down as chairman and is leaving the board, the company said Monday.Unity said that it will begin searching for a permanent CEO and that Riccitiello"will continue to advise Unity to ensure a smooth transition." In September, Unity announced a pricing change that upset numerous developers who rely on the company's technology to create video games. A consortium of game developers protested the change, saying in a publicPentagon pushing U.S. defense industry to bolster Israel in fight against Hamas

"We are listening, talking to our team members, community, customers, and partners, and will be making changes to the policy," the company said at the time.. The company now has a market cap of just over $11 billion, after its stock dropped alongside a broader tech decline in 2022. "It's been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers and partners, all of whom have been instrumental to the Company's growth," Riccitiello said in a statement."I look forward to supporting Unity through this transition and following the Company's future success."31-year-old teacher quit her job.

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Unity Software’s Chairman, CEO John Riccitiello leaving companyWallace Witkowski came to MarketWatch from the Associated Press in New York, where he covered the business of Big Pharma, after covering FDA regulation of many of the same companies, as well as medical devices, in the Washington, D.C., area. Based in San Francisco, his current focus is on the more exciting world of semiconductors, videogames and cybersecurity, when he's not churning out earnings coverage. Follow him on Twitter at: wmwitkowski.
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John Riccitiello, Unity Software's CEO and chairman, is leaving the companyCompany affirms third-quarter outlook
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