Angry Birds maker Rovio announces CEO’s departure

Angry Birds maker Rovio announces CEO's departure

The chief executive of Angry Birds games maker Rovio Entertainment said on Monday she would leave the company by mutual consent at the end of the year.

Levoranta has served as the CEO since 2016, and also took the company public in 2017.

“We came to this conclusion by mutual consent with the board,” Levoranta said of her planned departure in a telephone interview with Reuters.

Levoranta said Rovio maintained its target of an operating margin of 30% long term as set when it listed, even though the margin has been between 6.3% and 11.2% in the past three years.

“It’s possible to reach a 30% EBIT with an excellent game catch,” she said.

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