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[STEAM] Embracer to replace CEO who oversaw turbulent acquisition spree, and mass layoffs

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Lars Wingefors, the executive and co-founder who oversaw Embracer’s turbulent acquisition spree, and subsequent mass layoffs, is set to step down as CEO and take on a new role.

From August 1, Wingefors will relinquish his CEO seat, and is proposed to take on a new role as executive chair of the board, focusing on “strategic initiatives, M&A, and capital allocation”.

Phil Rogers, the current CEO of Crystal Dynamics and Eidos, will take over as Embracer CEO in August. He became CEO of Eidos in 2008 and was CEO across Square Enix’s western business from 2009 to 2022.

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