Ubisoft Appoints New CFO Ahead of Year End

Ubisoft today has announced that its Chief Financial Officer, Alain Martinez, will retire from the company at the end of 2018. They have also announced that Frédérick Duguet will be stepping into the role in his stead. Duguet has been working with Ubisoft as their Chief Financial Planning Officer since 2009, so he has the experience to step into his new position and responsibilities with ease (after all, CFPO is only one “P” away from being CFO).

Martinez, of course, has been with Ubisoft for a very long time now—19 years—and the end of his tenure marks, effectively, the end of an era for the company, albeit more on the management side than on the creative one.

“The appointment of Frédérick as Ubisoft’s Chief Financial Officer is excellent news for the Group,” Ubisoft’s CEO Yves Guillemot said in a statement. “His expertise, intimate knowledge of the company and deep understanding of the value creation drivers in the video game industry are all assets that will greatly aid Ubisoft in its new development phase. On behalf of all Ubisoft teams, I would like to express my most sincere gratitude to Alain for his unfailing commitment throughout his 19 years with the company. With passion and rigour, Alain has been instrumental in shaping Ubisoft’s success and the Group’s profile as we know it today.”

Martinez will be staying on with Ubisoft through to the end of the year to help facilitate a smooth and easy transition for Duguet as his successor into his role. Duguet takes over starting January 2019, which means the final quarterly report for the fiscal year 2018-19 will be under his tenure. With the recent success of Ubisoft stock following Assassin’s Creed Odyssey’s release, it should be a good way for his stint to get started.