Glu Mobile (GLUU) Names New CEO

November 3, 2016 4:08 PM EDT

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Glu Mobile Inc. (Nasdaq: GLUU) announced that Niccolo de Masi will transition from his roles as Chairman and Chief Executive Officer to become the Company’s Executive Chairman. Nick Earl, President of Global Studios, has been named Chief Executive Officer.

“On behalf of the full Board, I would like to extend my sincere gratitude to Niccolo for his exceptional tenure as our CEO,” said Benjamin T. Smith IV, Lead Independent Director of Glu’s Board of Directors. “Under his stewardship, Glu built a best-in-class game development and publishing team, achieved remarkable growth and became a leader in the free-to-play mobile industry. We look forward to Niccolo’s continued leadership of our Board and his strategic contributions to Glu.

“We’re also thrilled to have Nick appointed as Glu’s next leader. Nick and the executive team have worked together for nearly a year during his role as President of Global Studios, during which time it became clear that Nick is the ideal candidate to succeed Niccolo. We’re confident Nick will help Glu execute on existing and new initiatives and shape them to drive long-term stockholder value.”

As Executive Chairman, a position newly-created by the Board, Niccolo will shift his focus towards enhancing the Company’s long-term growth plan, including strategic acquisition planning and maximizing celebrity relationships, while also facilitating Glu’s leadership transition to drive the Company forward in a changing mobile games market. In addition to his role as Executive Chairman, Niccolo has assumed a new leadership role working with Andy Rubin, the creator of the Android operating system and ecosystem. His work with Mr. Rubin will be in the hardware sector and thus non-competitive to his involvement with Glu.

“It has been a privilege to lead Glu Mobile as CEO, and I am proud of our incredibly talented team and what we have accomplished together,” said Niccolo de Masi. “During the past six and a half years, we have experienced tremendous fundamental growth, successfully negotiating the platform transition from feature-phone paid downloads to smartphone free-to-play. From 2010 to 2015, we grew revenues at a CAGR of nearly 30%, and we significantly strengthened our balance sheet.

“Looking ahead, the Board and I believe that the time is now right for a new leader with a world-class, product-centric background who can build on Glu’s considerable success to-date. As an experienced veteran of Electronic Arts and mobile gaming, who has been with Glu for nearly a year and knows our business well, Nick is that leader. As I step up into my new strategic role, I look forward to continuing to work with Nick to position the Company for long-term success.”

Nick Earl Biography

Since November 2015, Nick Earl has served as Glu’s President of Global Studios, where he oversees all of the domestic and international studio functions for the Company. A twenty-year game industry veteran, Nick joined Glu from Kabam Inc. and Electronic Arts. At Kabam, Earl was President of Worldwide Studios, presiding over hits such as Marvel: Contest of Champions. At EA, Earl was SVP of EA Mobile, overseeing freemium hits such as The Simpsons™: Tapped Out, The Sims™ FreePlay and Real Racing 3. He also led the company’s transition from the premium to freemium model. Prior to EA Mobile, Earl was senior vice president of EA Games launching such console and PC franchises as Knockout Kings, James Bond, Tiger Woods PGA Tour, The Godfather, The Sims, The Simpsons, Lord of the Rings and Dead Space.

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