The saga of King Digital’s life as a listed company has taken another turn as the chairman of the maker of smartphone “crack cocaine” Candy Crush stepped down.
Melvyn Morris, who also took leave of absence from the board for “personal reasons” and did not say when he would return, has been replaced by board member Gerhard Florin.
The development is a fresh blow for London-based King Digital, which has struggled to convince shareholders it can bring another hit game to market since listing in New York in March.
King’s shares have fallen 30 per cent since its $7.6 billion (£4.8 billion) market debut, and the digital giant posted a 20 per cent fall in profits in the third quarter to 30 September.
Commuter darling Candy Crush Saga makes up more than half of King’s revenues.
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Florin has held positions at gaming giant Electronic Arts and music label BMG in a 20-year career.
King shares its London headquarters with Google, near Tottenham Court Road and also counts Diamond Digger, Bubble Witch and Farm Heroes among its games.Reuse content