Rovio Entertainment CEO Mikael Hed "passes on the hoodie" stepping down as CEO after 5 years
Mikael Hed is to leave Angry Bird's maker Rovio Entertainment after five years at the helm with Pekka Rantala to take on the role from January 1 2015.
Chairman of the board, Kaj Hed, has nominated the outgoing CEO for a board of directors position with Mikael Hed appointed as chairman of Rovio Animation Studios, where he will oversee animation and movies.
Between now and January Mikael Hed and Rantala will be working closely to ensure a smooth transition, with Rantala bringing more than 20 years' worth of international leadership within branded consumer products in various industries to the role.
Mikael Hed called his five years as CEO "an amazing ride" and that he was "happy to pass the hoodie to Pekka Rantala, who will take Rovio to the next level".
He added: "Pekka is known to be a great leader with experience building successful global consumer brands. I will continue to play an active role and support Pekka in any way I can to ensure Rovio's continued success."
Rovio Entertainment Ltd. is based in Finland and launched Angry Birds back in 2009. Rovio's animated Angry Birds feature film is scheduled for release in summer 2016.