Codemasters Updates: Just months after Codemasters was bought by EA, CEO Frank Sagnier and CFO Rashid Varachia are leaving the firm. Despite the odd timing, Codemasters is a week away from launching its debut game with the major publisher, F1 2021. However, representatives say there is no juicy narrative behind the two CEOs departing the firm.
Last year, was in negotiations with a number of businesses regarding a purchase, but EA swooped them up just before Take-Two was ready to finalize a deal.
EA appears to have purchased the firm in order to form a genuine racing team with Criterion, presumably to balance arcade and simulation racers. Criterion is also used by EA for a lot of support work, so having another racing team that can help out on bigger brands is a huge plus. Two of Codemasters’ top executives, on the other hand, will not be around to see the developer’s future under EA.
At the end of July, Codemasters’ CEO Frank Sagnier and CFO Rashid Varachia will leave the firm. Because EA’s acquisition of Codemasters was so significant, and the publisher has stated that it primarily wants the developer to remain intact and not become a run-of-the-mill EA company, there’s unlikely to have been any bad blood between the two during the few months they worked directly with EA. In a statement to GamesIndustry.biz, the publisher praised the two and stated that this was something that has been in the works for some time.
Codemasters: EA Acquisition
ScreenRantIt’s unknown who will succeed these two executives, but there’s a lot of top industry expertise available to fill the positions. F1 2021 is set to be released later this month by Codemasters, and it appears to follow in the footsteps of its predecessors.
Despite the fact that the game was undoubtedly in production before EA’s acquisition, it doesn’t appear as EA has interfered in any significant manner, and the developer appears to be running smoothly.
Under EA, the future of Codemasters is mostly unknown. The firm has a problematic past with several well-known developers, resulting in the cancellation of projects and the closure of studios.
EA has been dramatically changing its image in recent years, so there’s a good chance the Codemasters takeover will go smoothly. Nonetheless, Codemasters appears to be in excellent hands for the time being, and the changing of the guard scenario does not appear to be indicative of trouble.
