Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Angry Birds maker Rovio names new CEO
BackBack

Angry Birds maker Rovio names new CEO

Current CEO Mikael Hed will join the company's board of directors as well as take on the role of chairman at Rovio's animation studios

Pekka Rantala, who is currently the CEO of Hartwall, earlier worked for 14 years for Nokia. Photo: BloombergPremium
Pekka Rantala, who is currently the CEO of Hartwall, earlier worked for 14 years for Nokia. Photo: Bloomberg

Helsinki: Finland’s Rovio, the maker of the Angry Birds mobile game, said it has hired Pekka Rantala from beverage maker Hartwall to take over as its new chief executive by the beginning of next year.

Current CEO Mikael Hed, son of board chairman Kaj Hed, will join the company’s board of directors as well as take on the role of chairman at Rovio’s animation studios.

Rantala, who is currently the CEO of Hartwall, earlier worked for 14 years for Nokia.

After scoring a global breakthrough with Angry Birds in which players use a slingshot to attack pigs who steal birds’ eggs, Rovio has expanded the brand into an animated TV series and merchandising of toys and clothing.

But it has struggled to retain players and earnings halved last year due to investments in the animation business as well as stalling sales.

Rovio said several years ago it could go public in Hong Kong or New York, but has later said it was not planning an initial public offering any time soon. REUTERS

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 29 Aug 2014, 05:03 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie