Ubisoft has named Christophe Derennes, Managing Director for North America, and Charlie Guillemot as co-Chief Executive Officers of a newly established spinoff backed by Tencent

Ubisoft has announced the appointment of Christophe Derennes and Charlie Guillemot as co-CEOs for its newly established subsidiary, formed in collaboration with Tencent.

In a strategic move to enhance its business model, Ubisoft has crafted a new subsidiary with significant backing from Tencent, which invested $1.25 billion in the company. This partnership aims to bolster Ubisoft's flagship franchises, including Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six, by fostering their continuous expansion and presence across multiple platforms.

Per a report by Variety, Derennes transitions from his previous role as managing director for North America, while Charlie Guillemot, who is the son of Ubisoft's co-founder Yves Guillemot, joins him in leadership.

The company expressed in a statement that Christophe Derennes and Charlie Guillemot bring a wealth of industry experience and an innovative spirit to the table, positioning them well to guide the new initiative. Yves Guillemot emphasized the duo's responsibility in strategizing brand development while fostering an environment where teams can excel and maintain a player-first focus. Derennes' extensive background includes successfully leading Ubisoft’s Montreal studio.

Charlie Guillemot addressed concerns of nepotism, stating his acknowledgment of public perception but clarified that his professional path and leadership value were central to his appointment, beyond familial connections. He highlighted his decade-long experience both within and outside Ubisoft, where he gained skills in brand management and leadership in a dynamic industry.