Daybreak CEO Ji Ham takes over as Enad Global 7’s acting CEO

    
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It has not even been a year since EG7 Global acquired Daybreak Game Company for $300 million, and now the parent corporation is promoting one of Daybreak’s leaders to its own C-suite. EG7’s board announced that “effective immediately” it is removing current CEO (and EG7 co-founder) Robin Flodin and replacing him with Daybreak CEO Ji Ham.

Ji Ham is now the acting CEO as EG7 commences a search for a new permanent CEO for the company. EG7 said that Flodin will stay on for a half-year to help Ham get acclimated to this new position. So why Ham for the role? The company said that he oversaw “extensive growth and profitability” during his tenure as CEO of Daybreak.

No reason was stated for Robin Flodin’s departure. He’d certainly improved the playerbase’s opinion of Daybreak thanks to his down-to-earth video outreach, but clearly, we don’t have the whole story.

EG7 Chairman of the Board Alexander Albedj propped up the company’s new interim leader: “The transition to new leadership is a natural part to be even more successful in the next phase of growth. Ji has experience in leading and growing gaming groups with a global reach as well as an extensive and highly successful background in strategic and synergistic acquisitions in gaming.”

Source: EG7. Thanks Kinya!
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Justin Hartman

https://www.breakit.se/artikel/29933/enad-global-7-sparkar-vd-robin-flodin

Translated Headline – “Robin Flodin is forced to leave the position of CEO of EG7 after a high-profile interview”

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Justin Hartman

“The news that Robin Flodin is leaving the CEO position came after an interview with Dagens Industri on Thursday , in which Robin Flodin has difficulty answering questions about the difference between total revenues and net sales”

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rk70534

Followed by:

“The answer is that the company has activated development costs for new games of approximately SEK 36 million in the quarter, which turns into revenue in the accounting, something Robin Flodin failed to explain.”

36 million kronor = €3.53m / $4.16m.

If each quarter would have the same (unlikely), that would give pretty respectable development costs per year for a company of their size, €14.11m / $16.64m.

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moondog548

Thanks for sharing! That context makes this a little less utterly mind-boggling!

If they really just suddenly realized that Flodin can’t be tolerated and Ham is just the palce-holder while they find someone they actually want at the helm…. well that’s a horrible state for a company to be in, but at least it makes a modicum of sense and allows for the future to possibly be better.

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Kanbe

When you think you see the sun starting to shine the clouds rush back to cover it up .

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PanagiotisLial1

Hmm, did they consider DBG that successful?

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Bruno Brito

Number wise, they’re doing fine. But enough to substitute a CEO? It doesn’t sound plausible. This story reeks.

All in all, this is a bad look for their games. DBG was the status quo, and now that EG7 is DBG, and not the opposite, there is a huge chance that all planned considerations for DBG games will either never happen or be met halfway.

Extremely disheartening to say the least.

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deztreszian

I guess EG7 decided Robin Flodin was being a bit TOO transparent and needed an expert in keeping your community completely in the dark to replace him.

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Bruno Brito

Well, any hope i had for DBG games is now dashed.

Faye
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Faye

Because Daybreak was such a success!

EG7 looked at its metrics, and saw that its Ill Will was a bit low. That needs boosting, they said.

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Java Jawa

Hmmm . . . . the daybreak saga continues.