Unity Software (U) has provided an announcement.
Unity Software Inc. has announced the appointment of Matthew S. Bromberg as its new CEO and President, effective May 15, 2024. Bromberg, a seasoned executive with extensive experience in the gaming industry and a background with companies like Zynga and Electronic Arts, will also join Unity’s board of directors. His compensation includes a substantial base salary, bonuses, and various stock options with specific vesting requirements linked to performance and stock price milestones. Concurrently, the company is making strategic changes in executive roles, with the interim CEO transitioning to Executive Chairman, and is adjusting compensation policies to align with long-term growth and stability objectives.
For a thorough assessment of U stock, go to TipRanks’ Stock Analysis page.