James M. Whitehurst Appointed Interim Chief
Executive Officer and President
Company Reaffirms Third Quarter 2023
Guidance
Company to Release Third Quarter 2023 Financial
Results on November 9, 2023
Unity (NYSE: U) (the “Company”), the world’s leading platform
for creating and growing real-time 3D (RT3D) content, today
announced that John Riccitiello will retire as President, Chief
Executive Officer, Chairman and a member of the Company’s Board of
Directors, effective immediately. James M. Whitehurst has been
appointed Interim Chief Executive Officer, President and a member
of the Board. Roelof Botha, Lead Independent Director of the Unity
Board, has been appointed Chairman. Mr. Riccitiello will continue
to advise Unity to ensure a smooth transition.
The Board will initiate a comprehensive search process, with the
assistance of a leading executive search firm, to identify a
permanent CEO.
“Working with Unity under John's leadership has been one of the
highlights of my career. John joined the Unity Board in 2013 and
stepped in to lead the Company in 2014, at a time when we faced
significant challenges,” Mr. Botha said. “John has led Unity
through incredible growth over the last nearly 10 years, helping us
transition from a perpetual license to a subscription model,
enabling developers to monetize, building other game services to
serve our creator community, leading us through an IPO and
positioning us as a pioneer in the developer community. Unity would
not be where it is today without the impact of his contributions. I
remain excited for the future of Unity.”
“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,” Mr.
Riccitiello said. “I look forward to supporting Unity through this
transition and following the Company’s future success.”
Mr. Whitehurst is a seasoned technology and public company
executive. He previously served as Senior Advisor and President at
IBM, after joining through IBM’s acquisition of Red Hat, a leading
provider of open source enterprise IT products and services, where
he served as President and Chief Executive Officer from 2008 to
2020.
“I am honored to join Unity as Interim CEO and President at this
important time in its evolution,” Mr. Whitehurst said. “With the
Company’s experienced leadership and passionate employees, I am
confident that Unity is well-positioned to continue enhancing its
platform, strengthening its community of customers, developers and
partners, and focusing on its growth and profitability goals. I
look forward to working closely with the Board and our talented
global team to execute on our strategy, and I anticipate a seamless
transition.”
Unity reaffirms its previously announced third quarter 2023
guidance. The Company’s expectations regarding its third quarter
2023 financial results are preliminary and are subject to revision
in connection with Unity’s financial closing procedures and
finalization of the Company’s condensed consolidated financial
statements for the third quarter 2023. Actual results may differ
from these preliminary expectations.
Unity will release third quarter 2023 financial results after
the market close on Thursday, November 9, 2023, with a webcast to
follow at 2 p.m. PT/5 p.m. ET. The webcast and shareholder letter
can be accessed at investors.unity.com. A replay of the webcast
will also be available on Unity’s Investor Relations website.
About James M. Whitehurst
James M. Whitehurst previously served as Senior Advisor at IBM
from July 2021 to May 2022 and President of IBM from April 2020
until July 2021. He joined IBM through the acquisition of Red Hat,
a leading provider of open source enterprise IT products and
services, where he served as Chief Executive Officer from January
2008 until April 2020. Prior to Red Hat, Mr. Whitehurst served in
several leadership roles at Delta Air Lines, Inc. including as
Chief Operating Officer from 2005 to 2007, Chief Network and
Planning Officer from 2004 to 2005 and Senior Vice President,
Finance Treasury and Business Development from 2002 to 2004. Before
Delta, Mr. Whitehurst held several corporate development leadership
roles at The Boston Consulting Group, where he worked with clients
across a wide range of industries. Mr. Whitehurst currently serves
on the Board of Directors of United Airlines and Amplitude, on the
Supervisory Board of Software AG, and as a Special Advisor at
Silver Lake. He has previously served on the Board of Directors of
Red Hat, SecureWorks Corp. and DigitalGlobe, Inc. He received a
B.A. in computer science from Rice University and an MBA from
Harvard Business School.
About Unity Software Inc. (Unity)
Unity is the world’s leading platform for creating and growing
interactive, real-time 3D ("RT3D") content and experiences. Our
comprehensive set of software and AI solutions supports content
creators of all sizes through the entire development lifecycle as
they build, run, and grow immersive, real-time 2D and 3D content
and experiences for mobile phones, tablets, PCs, consoles, and
augmented and virtual reality devices. For more information, visit
Unity.com.
Forward-Looking Statements
This press release contains “forward-looking statements,” as
that term is defined under federal securities laws, including, but
not limited to, statements regarding Unity’s third quarter 2023
financial results; Unity being well-positioned to continue
enhancing its platform, strengthening its community of customers,
developers and partners and focusing on its growth and
profitability goals; and the expectation for a seamless transition
and the Company’s ability to execute on its strategy. The words
“believe,” “may,” “will,” “estimate,” “continue,” “intend,”
“expect,” “plan,” “project,” and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements are subject to risks, uncertainties, and assumptions. If
the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. Risks include, but are not limited to:
(i) the ability to successfully transition executive leadership,
(ii) Unity’s ability to maintain and establish favorable
relationships with developers; (iii) the impact of macroeconomic
conditions, such as inflation and actions taken by central banks to
counter inflation, liquidity concerns and failures of banks and
other financial institutions, and potential economic recession, on
Unity’s business, as well as its customers, prospects, partners,
and service providers; (iv) Unity’s ability to achieve and sustain
profitability; (v) Unity’s ability to retain existing customers and
expand the use of its platform; (vi) Unity’s ability to further
expand into new industries and attract new customers; (vii) the
impact of any changes of terms of service, policies or technical
requirements from operating system platform providers or
application stores which may result in changes to Unity’s or its
customers’ business practices; (viii) Unity’s ability to maintain
favorable relationships with hardware, operating system, device,
game console and other technology providers; (ix) Unity’s ability
to compete effectively in the markets in which we participate; (x)
breaches in Unity’s security measures, unauthorized access to its
platform, its data, or Unity’s customers’ or other users’ personal
data; (xi) Unity’s ability to manage growth effectively; (xii) the
rapidly changing and increasingly stringent laws, contractual
obligations and industry standards that relate to privacy, data
security and the protection of children; (xiii) Unity’s ability to
successfully integrate ironSource’s technology and business and
realize the intended benefits from the ironSource merger, and
related costs and expenses, and (xiv) Unity’s ability to leverage
its offerings as a result of the rise of generative AI
technologies. Further information on these and additional risks
that could affect Unity’s results is included in Unity’s filings
with the Securities and Exchange Commission (SEC), including its
Quarterly Report on Form 10-Q filed with the SEC on August 2, 2023,
and other reports that we have filed or may file with the SEC from
time to time, which could cause actual results to vary from
expectations. Copies of reports filed with the SEC are available on
the Unity Investor Relations website. Statements herein speak only
as of the date of this release, and Unity assumes no obligation to,
and does not currently intend to, update any such forward-looking
statements after the date of this release except as required by
law
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231009494331/en/
Investors: Richard Davis ir@unity3d.com
Media: Ryan M. Wallace ryan.wallace@unity3d.com
Unity Software (NYSE:U)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Unity Software (NYSE:U)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024