Ubisoft has appointed Charlie Guillemot and Christophe Derennes as co-CEOs of a new subsidiary, which is partially owned by Tencent and focuses on developing major franchises like Assassin's Creed, Far Cry, and Rainbow Six.

Tencent's investment, expected to finalize by the end of 2025 pending regulatory approval, includes a 25% stake valued at €1.16 billion, boosting Ubisoft's enterprise value to €4 billion.

Christophe Derennes, with over 35 years at Ubisoft and experience managing Ubisoft Montreal, will focus on production and technology, while Charlie Guillemot will oversee brand vision, creative direction, and marketing.

Yves Guillemot emphasized the importance of strong leadership to ensure teams operate effectively and keep player experience at the forefront of development.

Yves Guillemot praised both leaders for their complementary strengths—Derennes' production expertise and Guillemot's industry insight—viewing their partnership as vital for the subsidiary's success.

Both co-CEOs are committed to evolving Ubisoft's operating model to foster innovation, improve team autonomy, and enhance the quality of player experiences.

The new leadership team aims to define the subsidiary's strategy to foster growth and develop multi-platform, evergreen game ecosystems into billion-euro franchises, with completion expected by the end of 2025.

The subsidiary's goal is to create sustainable, evolving game ecosystems across multiple platforms, empowering teams with increased autonomy to respond to industry changes.

Charlie Guillemot highlights creativity and adaptability as key motivations for his role, bringing an entrepreneurial perspective to Ubisoft's future.

Announced on March 27, 2025, the spinoff is designed to give development teams greater autonomy and agility, enhancing their ability to connect with player expectations and innovate.

Derennes plans to clarify team responsibilities and maintain project momentum, while Guillemot leverages his experience to push Ubisoft forward amid industry shifts.

Ubisoft has announced a quieter year ahead, delaying major titles and focusing on remasters, including a re-issue of Assassin’s Creed IV: Black Flag.