(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 https://www.sec.gov/Archives/edgar/data/718877/000110465918075353/a18-42214_18k.htm Chief Corporate Officer Dennis Durkin will assume the duties of CFO effective Jan. 1 until the issue is resolved.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.