The CEO of indie publisher Devolver Digital, Douglas Morin, has stepped down.

In an update to investors, it was announced that he would be leaving both his position as chief executive and as a board member. Morin is succeeded by Harry Miller, one of the company's founders.

Morin joined Devolver in 2020 and became CEO the following year.

"On behalf of the Board and everyone at Devolver, I would like to thank Douglas for his significant commitment and achievements at Devolver in the last four years," Miller said.

"Douglas' energy, leadership and determination were critical to our IPO and programme to build our infrastructure as a listed company, culminating in the exciting System Era acquisition. I am excited by the opportunity to step back into the CEO role. It's an incredible pleasure and honour to continue to work with Devolver's fantastic and talented team, building out a strong pipeline of fun and creativity, and of course delivering on our long-term growth strategy."

Meanwhile, Kate Marsh has been named as non-executive chair of the board. She was previously a senior independent director. Devolver co-founder and COO Graeme Struthers is also joining the board.