Activision CEO Bobby Kotick has officially announced that he is stepping down from the role on December 29. While his departure was previously announced to occur before the end of the year, a memo shared by Xbox CEO Phil Spencer confirmed the exact date this morning. Kotick's departure also comes with some minor structural changes in Activision's management as Xbox begins to fold the company into their family. Here's the complete memo from Phil Spencer: Earlier today, Activision CEO Bobby Kotick formally announced that Friday December 29th, 2023 will be his last day at Microsoft Gaming. Under Bobby's watch, Activision Blizzard in its many incarnations has been an enduring pillar of video games. Whether it's Call of Duty, World of Warcraft, Candy Crush Saga or any number of other titles, his teams have created beloved franchises and entertained hundreds of millions of players for decades.