Ubisoft Entertainment SA announced that Serge Hascoët has chosen to resign from his position as Chief Creative Officer, effective immediately. This role will be taken by Yves Guillemot, CEO and Co-Founder of Ubisoft, in the interim. During this time, Mr. Guillemot will personally oversee a complete overhaul of the way in which the creative teams collaborate. Yannis Mallat, Managing Director of Ubisoft’s Canadian studios, will be stepping down from his role and will leave the Company, effective immediately. The recent allegations that have come to light in Canada against multiple employees make it impossible for him to continue in this position. Additionally, Ubisoft will be appointing a new Global Head of HR to replace Cécile Cornet, who has decided to step down from this role, as she believes it is in the best interest of the Company’s unity. A search for her replacement will begin immediately, led by recruiting firm. In parallel, the Company is restructuring and strengthening its HR function in order to adapt it to the new challenges of the video game industry. Ubisoft is in the final steps of hiring a top international management consulting firm to audit and reshape its HR procedures and policies, as previously announced. These changes are part of a comprehensive set of initiatives announced to employees on July 2, 2020. These initiatives are guiding Ubisoft’s renewed commitment to fostering an environment that its employees, partners and communities can be proud of – one that reflects Ubisoft’s values and that is safe for everyone.