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Activision Blizzard CEO Bobby Kotick will leave Coca-Cola board


Bobby Kotick is the CEO of Activision Blizzard and speaks live on stage during the “Managing Excellence: Getting Consistently great Results” session at the Vanity Fair New Establishment Summit held at Yerba Buena Center for the Arts, October 19, 2016.

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Coca-Cola Co.Bobby Kotick is the CEO of Video Game Publishers, it was announced Friday Activision BlizzardThe soda company’s board would no longer consider him for re-election.

Kotick will close Activision’s sale to MicrosoftThis transaction was the biggest U.S. tech deal in history, valued at $68.7 million. Microsoft expected to close the transaction in fiscal year 2023, after it was announced in January.

Kotick who was a 10 year company director, stated that “I have decided to not stand for re-election as The Coca-Cola Company Board in order to concentrate my full attention upon Activision Blizzard during this pivotal moment as we prepare to our merger with Microsoft.” statement.

Kotick, aged 58, is a controversial figure. These are the Wall Street Journal reportedKotick, who was charged with misconduct by two women in November, said that he had not shared everything he knew about Activision’s mistreatment of them with their board. Activision is currently being sued by the relatives of an employee who took his own life. Washington PostIt was said Friday morning.

Kotick has been scrutinized for his involvement in politics. CNBC reported that Kotick funded Republican campaign causes in 2020 through secret companies. reported last month.

Coke had a financial relationship to Activision. However, the board of the beverage maker determined that the relationship was not material. This is partly because Sponsorship agreements made by Activision represented less than 1 percent of its gross revenue. proxy statement.

In 2020, Kotick was paid $340,003 total compensation by Coca-Cola for his work on the board.

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