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Unity Software’s Chairman, CEO John Riccitiello leaving company

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Wallace 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.

Unity Software Inc. U, -1.49% said in the extended session Monday that John Riccitiello will retire as president, chief executive and chairman. Unity appointed James Whitehurst as interim CEO; Roelof Botha, lead independent director of the Unity Board, has been appointed chairman.

The board said it would initiate a search for a new CEO. Recently, Unity drew fire from game developers and had to alter a fee rollout for its game engine. Riccitiello, who is also leaving the company altogether, will stay on to ensure a smooth transition. Unity shares declined 2.5% after hours, following a 1.5% decline to close at $29.70.

 

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