Ubisoft hires several executives to "accelerate its transformation"

French video game giant Ubisoft has made several executive hires to "accelerate its transformation."

The hires: Ubisoft has added seven people to its executive team.

• Caroline Jeanteur has been named Chief Purpose Officer.
• Cécile Russeil has been named Chief Legal Officer.
• Frédérick Duguet has been named Chief Corporate Finance Officer.
• Jean-Michel Detoc has been named Chief Mobile Officer.
• Marie-Sophie de Waubert has been named Senior Vice President of Studios Operations.
• Martin Schelling has been named Senior Vice President of Production.
• Sandrine Caloiaro has been named Chief Portfolio Officer.

The transformation: What exactly is Ubisoft planning for its future?

• As per the company's release, the hires will all play a big part in helping the company achieve "strong, sustainable and inclusive growth."
• The developer wants to expand its audience "significantly" by expanding into new territories and adopting new business models, bolster its portfolio by creating new game IP, and increase its recurring revenues.
• Ubisoft is still hiring aggressively to fulfill its ambitions. It has 876 open roles on Hitmarker at the time of publication, with opportunities spanning across the UK, Singapore, France, China, Canada, and more locations.
• It's worth noting that only last month it was reported that Ubisoft was attracting potential buyers, with major private equity firms like Blackstone Inc. and KKR & Co. both reportedly showing interest. While there hadn't been any serious negotiations at that time, quickly increasing revenues and owned IP would be a solid way of increasing the value of the company in a relatively short time span.