There are big changes afoot at Embracer Group, which has announced that company CEO Lars Wingefors is stepping down from the role. But he's not leaving! Instead, Wingefors is set to become the executive chair of the board, where he will focus on—believe it or not—"capital allocation, M&A [mergers and acquisitions], and strategy."
"With the start of this new phase, I am thankful for the years and lessons learned as CEO of Embracer," Wingefors said in today's announcement. "While the road has not always been straight, I am incredibly proud of the achievements made possible by our talented teams, which have created some incredible experiences for gamers.
