Activision Blizzard plans to terminate CFO Neumann By Reuters

© Reuters. Activision Blizzard plans to terminate CFO Neumann

(Reuters) – Activision Blizzard Inc (NASDAQ:) on Monday said it intends to terminate Chief Financial Officer Spencer Neumann for reasons unrelated to the video game publisher’s financial reporting or disclosure controls and procedures.

Neumann has been placed on a paid leave of absence from the company, Activision Blizzard said, adding that Neumann will get an opportunity to demonstrate why termination of his employment is not justified.

Activision said in a regulatory filing Chief Corporate Officer Dennis Durkin will assume the duties of CFO effective Jan. 1 until the issue is resolved.

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