HELSINKI (Reuters) - "Angry Birds" maker Rovio, whose share price has nosedived since a sharp profit warning in February, said on Wednesday that its head of communications and investor relations was leaving the company after less than a year in the job.
Rovio said Rauno Heinonen, senior vice president of communications and investor relations and a member of the company's leadership team, would leave immediately.
He is the second senior executive to leave the Finnish mobile game company in recent months after head of games Wilhelm Taht departed in February.
Heinonen joined the company last September, helping the company to carry out an oversubscribed initial public offering.
Rovio spokeswoman gave no reasons for his departure but said it did not have to do with the company's recent communications challenges.
Investor sentiment in Rovio has deteriorated this year, with Rovio's share price plunging 50 percent in February after the company said its sales could fall this year after jumping 55 percent in 2017.
Rovio cited tough competition in the game industry, which also led to high marketing costs. A week after the profit warning, the company said Taht would leave Rovio immediately for personal reasons.
Heinonen was not immediately available for a comment.
Rovio will hold its first annual general meeting on April 16.
(Reporting by Jussi Rosendahl; Editing by Susan Fenton)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
