The shakeup at Activision Blizzard’s executive level continues with the second executive leaving the company in the last few days.
Square, a store-payment company, announced that their new Chief Financial Officer is Amrita Ahuja. Amrita Ahuja was with Activision Blizzard for over 8 years prior to leaving this week for Square.
Ahuja served in many roles within Activision Blizzard over the eight years, including SVP of Investor Relations, VP of Finance and Operations, and VP of Strategy and Business Development. Most recently, Ahuja was the Chief Financial Officer of Blizzard Entertainment, a division of Activision Blizzard.
Square, Inc. announced today that Amrita Ahuja will join the company as Chief Financial Officer. Amrita will start in January and will report to CEO Jack Dorsey.
Amrita is currently the CFO of Blizzard Entertainment, a leading global developer and publisher of interactive software products and entertainment content with over $2 billion in annualized revenue and a division of Activision Blizzard (NASDAQ: ATVI). Amrita has been with Activision Blizzard for over eight years in a number of finance and strategy roles across the company, including SVP of Investor Relations, VP of Finance and Operations, and VP of Strategy and Business Development. Prior to Activision Blizzard, she held various roles at Fox Networks Group, the Walt Disney Company, and Morgan Stanley. She received her M.B.A. from Harvard Business School and her A.B. from Duke University.
Kotaku reported late last year that Ahuja becoming the CFO of Blizzard lead to many changes for the company, including cutting finances and restructuring the company over the last year as Activision Blizzard wants to cut costs and increase revenue.
In the spring of 2018, during Blizzard’s annual company-wide “Battle Plan” meeting, chief financial officer Amrita Ahuja spoke to all of the staff, according to two people who were there. In what came as a surprise to many, she told Blizzard that one of the company’s goals for the coming year was to save money.
This is the second shakeup at the executive level for Activision Blizzard over the last week. Activision Blizzard’s Spencer Neumann, who was the Chief Financial Officer, was fired after he broke his legal contract with the company. Neumann has accepted a new job as the CFO of Netflix, which was announced yesterday. The company’s executive team listed on their site has shrunk dramatically over the last two years.
Activision Blizzard’s 2019 is expected to be a quiet year as investors says they are unsure what the company plans to release beyond new Activision titles.