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Remedy CEO Tero Virtala Steps Down as Co-Founder Markus Mäki Becomes Interim CEO

The move follows a profit warning tied to weak FBC: Firebreak sales that triggered a €14.9 million impairment.

Overview

  • Henri Österlund has been appointed chairman of the board as Mäki shifts into the interim chief executive role.
  • Virtala will remain with the company for an agreed transition period to support the handover of duties.
  • Remedy revised its 2025 outlook to a negative operating profit after recognizing the €14.9 million non-cash impairment related to FBC: Firebreak.
  • FBC: Firebreak drew more than 1 million players early through subscription services but has not met internal sales targets and underperformed on Steam.
  • A full Q3 business review is scheduled for October 29, and development continues on Control 2 and the Max Payne 1 & 2 remakes.