Rovio's CEO Steps Down After Just Over a Year

Last August Pekka Rantala took over the role of Rovio CEO from co-founder Mikael Hed, but just over a year later he’s already stepping down. He’s to be replaced by Kati Levoranta, former chief legal officer for the Angry Birds maker. Rantala says that “I feel now the time is right for me to step aside and move on to new challenges.”

Despite being in the role for a relatively short period, Rantala presided over a tumultuous time for the game developer. Last October the company laid off 130 employees, and followed that up with 260 more job cuts in August, more than 30 percent of its workforce. The initial, unexpected success of Angry Birds caused the company to expand in many directions, yet it never managed to follow up Angry Birds with another big hit.

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This article originally appeared on Recode.net.

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