Ubisoft’s Frédérick Duguet will take reigns as new CFO
Ubisoft has announced a new CFO after the current one will officially retire from the company at the end of this year. Alain Martinez is the current Chief Financial Officer of Ubisoft, but will resign by 2018’s end.
Frédérick Duguet will be replacing him, who is currently Ubisoft’s Chief Financial Planning Officer and has been since 2009.
The current CEO, Yves Guillemot, made a few remarks on the change of CFOs in the coming months:
“The appointment of Frédérick as Ubisoft’s Chief Financial Officer is excellent news for the Group. His expertise, intimate knowledge of the company and deep understanding of the value creation drivers in the video game industry are all assets that will greatly aid Ubisoft in its new development phase. On behalf of all Ubisoft teams, I would like to express my most sincere gratitude to Alain for his unfailing commitment throughout his 19 years with the company. With passion and rigour, Alain has been instrumental in shaping Ubisoft’s success and the Group’s profile as we know it today.”
The transition will also be worked out as smoothly as possible with Martinez working closely with Duguet. The official start date for the CFO switch beings on January 1st, 2019. The new CFP is still undisclosed. Stay tuned for updates.