Douglas Morin has left the post of CEO of Devolver Digital. His successor was Harry Miller, one of the founders of the company, who at one time already held the position of CEO.
Morin himself did not give any reason for leaving, or what he was going to do. Devolver Digital, in a note to investors, noted only that the management reshuffle is part of a plan to ensure the company's "long-term growth and development."
Morin has worked at Devolver Digital for almost four years: he joined the company in 2020 as chief of staff, and became CEO in 2021. Under him, Devolver Digital entered the stock exchange and bought a number of studios, in particular, acquired System Era Softworks and FireFly Studios.
The changes in Devolver Digital's leadership were not limited to Morin's departure.
- Kate Marsh, a former senior independent director, has been appointed as the new non—executive chairman of the company's board of Directors.
- Graham Struthers, Chief Operating Officer and co-founder of Devolver Digital, joined the board of Directors.
Also today, Devolver Digital briefly presented preliminary financial results for 2023 to investors. She said that annual revenue should grow to at least $90 million due to good sales of games from the back catalog, which increased by 15% compared to 2022.
Devolver Digital added that it was pleased with the success of the recently released Wizard With a Gun and The Talos Principle 2, but did not disclose their current sales. Earlier it was reported that Wizard With a Gun was played by 100,000 people in its debut week, The Talos Principle 2 reached the same mark two weeks after its release.