San Francisco, CA — October 11, 2023 — In a significant move that echoes through the tech industry, Unity Technologies(NYSE: U), the global powerhouse shaping the future of real-time 3D content, has announced a leadership transition. John Riccitiello, the President, Chief Executive Officer, Chairman, and a member of the Board of Directors, is retiring with immediate effect. Stepping into these illustrious shoes is James M. Whitehurst, a seasoned technology and public company executive, who will serve as the Interim Chief Executive Officer, President, and Board member.
A Legacy of Transformation
Unity’s Board, recognizing Riccitiello’s transformative decade-long tenure, emphasized his pivotal role in guiding Unity through remarkable growth. “Unity would not be where it is today without the impact of his contributions,” praised Roelof Botha, Lead Independent Director of the Unity Board. Indeed, under Riccitiello’s stewardship, Unity transcended challenges, transitioning from perpetual licenses to a subscription model, orchestrating a successful IPO, and cementing its position as a pioneer in the developer community.
Reflecting on his legacy, Riccitiello remarked, “It’s been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers, and partners, all of whom have been instrumental to the Company’s growth.”
A Visionary Leader Takes the Reins
James M. Whitehurst, the newly appointed Interim CEO, brings a wealth of experience to Unity. Having previously served as President and Chief Executive Officer at Red Hat, he played a pivotal role in IBM’s acquisition of the open-source enterprise IT giant. His expertise and strategic vision are poised to steer Unity through this transitional phase and further enhance its global footprint.
“I am honored to join Unity as Interim CEO and President at this important time in its evolution,” expressed Whitehurst. “With the Company’s experienced leadership and passionate employees, I am confident that Unity is well-positioned to continue enhancing its platform, strengthening its community of customers, developers, and partners, and focusing on its growth and profitability goals.”
Unity remains steadfast in its commitment to excellence, reaffirming its previously announced third quarter 2023 guidance. The company is gearing up to release its third quarter 2023 financial results on November 9, 2023, providing shareholders and stakeholders with a comprehensive overview of its financial performance.
The tech world eagerly awaits the unfolding chapters of Unity’s journey under the capable leadership of James M. Whitehurst, as the company continues to pioneer the realms of interactive, real-time 3D content and experiences.
For more information about Unity and its groundbreaking innovations, visit Unity.com.
Forward-Looking Statements Disclaimer: This press release contains forward-looking statements that involve risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Unity does not undertake any obligation to update forward-looking statements except as required by law.
