The CEO and president of Activision Blizzard's Activision Publishing subsidiary named Mike Griffith, has resigned his roles as announced by Activision Blizzard. This is effective from 23rd of April, although Mike Griffith will continue to work for the company as a vice-chairman of Activision Blizzard on a twelve month rolling contract.
It is not clear if Griffith's resignation is somehow based on the public and messy battle with several of the Infinity Ward studio members, following the ground-breaking success of Call of Duty: Modern Warfare 2, which was released late last year.
Mike Griffith will receive a basic salary of 250,000 dollars per year, but with a discretionary bonus of fifty per cent (pro - rated) based on his previous roles for the first part of the year 2010. Griffith will also likely be due 50,000 company shares, made up of common and restricted stock, subject to the approval of the board's Compensation Committee.
In his new role Griffith will include "participating in board of directors and chairman of the board meetings and other internal strategy sessions; providing counsel to Activision Blizzard's executive team; and providing services on key initiatives and projects, as requested by the CEO."
Griffith joined Activision in the year 2005 and has been at the top of the company during the merger with Vivendi Games as well as the initial success of the Rhythm Game Genre and the continued rise of the Call of Duty franchise.