The CEO of Project CARS maker Slightly Mad Studios Ian Bell is leaving the company.

The exec revealed the news via Twitter, saying that it has been a "privilege" to work at the company. He is the latest C-level member of management to leave Codemasters following the racing specialist's acquisition by US publishing giant Electronic Arts for $1.2 billion in February 2021.

Slightly Mad was purchased by Codemasters in November 2019. The latter's CEO and CFO – Frank Sagnier and Rashid Varachia – stepped down from the company in July following the firm's acquisition by EA.

"Slightly Mad Studios began as a mad dream by a bunch of ambitious racing fans in a bedsit back in the late-90s," Bell wrote.

"With the studio’s future now assured, the time is right for me to step aside. It’s been a ride and a privilege to share our dreams with you. Thank you."

While we're writing about Bell, it's probably worth remembering that he was the one who announced that Slightly Mad was working on a games console called the Mad Box at the start of 2019. Said hardware never materialised, with investors apparently pulling cash following Google revealing its Stadia cloud streaming service.