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Codemasters CEO and CFO depart months after EA acquisition

Codemasters CEO and CFO depart months after EA acquisition

The CEO of Codemasters Frank Sagnier (pictured) and the firm's CFO Rashid Varachia have stepped down from their roles.

As reported by GamesIndustry.biz, the duo have left the company just months after it was bought by US publishing giant Electronic Arts. EA insists that these execs leaving has "always been part of the plan."

"Since joining in 2014, Frank has led Codemasters to a position as a globally renowned studio of racing experts, and enabled their world-class talent and passion for motorsports to shine and excel on a global stage," an EA spokesperson said.

"Rashid's financial leadership has also been integral to Codemasters' success, his contributions include driving key acquisitions, listing on the stock market back in 2018, and leading the due diligence and integration of Codemasters into EA.

"We are incredibly thankful to Frank and Rashid for everything they have done for Codemasters and Electronic Arts, and we all wish them the very best. We know the culture they have created and their innovative spirit will very much live on at the studio through their outstanding leadership team."

Electronic Arts bought Codemasters for $1.2 billion in February of this year, having outbid Grand Theft Auto giant Take-Two.


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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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