Sponsored By

Ubisoft CEO Yves Guillemot forgoes some pay as company misses financial targets

The long-serving Ubisoft boss has accepted significant reduction in compensation.

Chris Kerr, News Editor

June 24, 2022

1 Min Read
The Ubisoft logo on a black background

Ubisoft CEO Yves Guillemot's annual compensation will be reduced by around a third during the coming year.

As reported by Axios, the reduction was laid out in a company filing and will see the long-serving Ubisoft boss forgo a payment of roughly $327,000.

That means Guillemot's annual compensation for the next 12 months will be reduced to approximately $656,000, although that doesn't include stock awards that will be handed out after 2023.

A Ubisoft spokesperson said the reduction is the result of a "personal decision" made by Guillemot, which he took because the Assassin's Creed publisher failed to reach the financial targets it had publicly communicated to the markets.

Over the past year, Ubisoft's operating profit declined by 14 percent while net bookings fell by 5 percent.

The company is also seemingly struggling to retain employees, with an Axios report published in December last year suggesting the publisher is dealing with an "exodus" of developers

That comes after numerous reports and allegations from current and former staff indicated Ubisoft has cultivated a workplace culture where misconduct and harassment are endemic.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like