LogInEgil Strunke says that it's "time to embark on a new mission" and start his own company.
Image credit: Egil Strunke
On Monday, Egil Strunke, the Chief Operating Officer of Embracer Group, announced his departure from the company amidst ongoing restructuring. Strunke shared the news through a post on his LinkedIn profile.
"Last week I left Embracer Group as COO, and it's with mixed feelings I am parting ways with this global company phenomenon, rooted in Karlstad, Sweden. On one hand grateful for having had the chance to work with the one-of-a-kind Lars Wingefors and all the other AMAZING colleagues (too many to mention!), which I will be sad to leave. On the other hand excited about the opportunities that lie ahead – starting and building my own company: Strunke Games," stated Strunke on his profile.
Initially, Strunke held the position of Vice President at Nordic Games, which eventually transformed into THQ Nordic, and subsequently contributed to the formation of the Embracer Group. Following his tenure from 2011 to 2014, Strunke pursued a role in 20th Century Fox's Nordic operations. However, he later rejoined Embracer, assuming the position of Chief Operating Officer.
Also, Strunke took a moment to reflect on his tenure at the company, acknowledging the challenging year that Embracer has experienced.
"Although the last year has been rough, in line with general market changes and industry consolidation, I am positive that Embracer will come out stronger and with a long, bright future ahead of them," wrote Strunke.
His remarks refer to the series of layoffs and studio closures that have occurred within Embracer's portfolio. Following an unsuccessful undisclosed deal, Embracer underwent a restructuring process that affected several development teams. This includes impactful changes within renowned studios such as Crystal Dynamics, known for their work on Tomb Raider, and Zen Studios, the creators of Pinball FX, among others.
Also, Standard & Poor, an American financial services company renowned for providing analyses and insights into the global financial market, removed the company from its list, which reflects a lack of faith, serving as an additional setback for the Swedish company.
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