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Remedy CEO Resigns Amid Weak Sales, Interim Leader Appointed

10/22/2025

37 6 Full Breakdown

Summary

Story summary

Tero Virtala has stepped down as CEO of Remedy Entertainment, effective immediately.
Markus Mäki, co-founder and current chief product officer, is the interim CEO.
The leadership change follows a profit warning due to weak sales of Remedy's latest game, FBC: Firebreak, which failed to meet internal targets and incurred a €14.9 million impairment.
Remedy is developing Control 2 and remakes of Max Payne 1 and 2.

History

Historical Context

The video game industry experienced a significant boom in 2020, with global revenues reaching $159.3 billion, largely due to popular titles like "The Last of Us Part II." Amidst this growth, Remedy Entertainment faced challenges, leading to Tero Virtala's resignation and Markus Mäki's appointment as interim CEO. This leadership change highlights the industry's volatility and the impact of high expectations on financial performance.

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Story summary

Tero Virtala has stepped down as CEO of Remedy Entertainment, effective immediately.
Markus Mäki, co-founder and current chief product officer, is the interim CEO.
The leadership change follows a profit warning due to weak sales of Remedy's latest game, FBC: Firebreak, which failed to meet internal targets and incurred a €14.9 million impairment.
Remedy is developing Control 2 and remakes of Max Payne 1 and 2.

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