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Unity CFO Kim Jabal is leaving the company in May

Unity CFO Kim Jabal is leaving the company in May

Senior vice president and chief financial officer, Kim Jabal (pictured), is departing engine maker Unity in a few months.

The firm revealed the news in an 8K filing with the United States Securities and Exchanges Commission, saying that she would be leaving the company on May 14th of this year. Until that time, she will be continuing in an advisory capacity, something she will receive $293,125 in compensation, aka half her annual base salary for a year, as well as 100 per cent of her target bonus for six months in 2021.

This follows the news earlier in March that Unity had hired Luis Felipe Visoso as SVP and CFO.

This change in chief financial officers comes at an interesting time for the engine specialist; Unity went public in September 2020 with an $18bn market cap. On the first day of trading, Unity stock was worth $75, hitting a high of $164.92 in December, before it started to decrease in value in February when the company missed its financial guidance for the three months ending December 2020.

In an interview in February, Jabal said that Unity's real competition came from companies still making their own game engines rather than its big rival in the space, Epic.

"We’re glad to have competition," she said.

"But our real competition is actually businesses that still have their own home-grown tech. They’re building and maintaining their own technology. You saw our market share of the top 1,000 games. We have 71 per cent. The next chunk of market share is China. Epic has a very small percentage of mobile. In other areas, like console and PC, we have very large market share there as well.

"They have a big name because of Fortnite, and they’re a great business. We respect what they do. They do compete. They’re going after automotive and film. We see them in those areas. But I personally like our positioning in that our sole mission in life is to make creators and developers more successful."


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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