Riccardo Zacconi – CEO of King, which is the developer of the famous mobile game app, Candy Crush Saga, is stepping down of his rank, said a supervisory filing of parent organisation Activision Blizzard. Co-founder of King, owned by Activision Blizzard, will become the chairman, the Financial Times announced on Sunday.
Italian businessman Zacconi, who has led the game developer for more than 16 years, will leave his executive post effectively July 1.
However, he will stay on as King’s chairman to provide “guidance to the management” at both King and Activision Blizzard, according to the CNET.
Its parent firm Activision Blizzard was already one of the largest gaming publishers in the business when it acquired King Digital in 2016 for $5.9 billion.
Candy Crush game is reportedly one of the most profitable smartphone apps to date.