Activision Blizzard Inc. named a new finance chief, a move that comes as the company’s lawsuit in opposition to Netflix Inc. for allegedly poaching its former chief financial officer continues.
Santa Monica, Calif-based Activision Blizzard, which is known for videogame franchises Call of Duty and World of Warcraft, stated on Monday that it has promoted Armin Zerza towards the role of CFO. Mr. Zerza, currently the company’s chief commercial officer and the chief operating officer of Blizzard Entertainment, will launch in the new role in the second quarter after the current finance chief Dennis Durkin retires.
Mr. Durkin, the company’s CFO between 2012 and 2017, took over its finances again in January 2019 after then-finance chief Spencer Neumann left to join Netflix.
According to Activision Blizzard, Mr. Neumann was illegally recruited by Netflix in late 2018, prompting a contract breach that disrupted its business operations. The company sued Netflix late last year, saying the hire cost it business opportunities as well as millions of dollars paid out to hold on to other executives.