Activision CFO promoted to COO

Thomas Tippl elected to publisher's chief operating officer position as base pay jumps to $850,000.

Activision Blizzard's Thomas Tippl has seen quite the pay grade increase recently. In November, the publisher revealed as part of a Securities & Exchange Commission filing that the Austrian-born chief financial officer had received a 40 percent raise in 2009, bumping his base salary from $535,000 to $750,000. Now, Tippl's coffers stand to grow a bit deeper, thanks to a new raise as the result of a promotion.

According to a recent SEC filing, Tippl resigned his current position as chief corporate officer at the company last week and was elected to the position of chief operating officer. Tippl will continue to serve as Activision Blizzard's CFO until a replacement has been found to fill the role.

Thomas Tippl

Effective March 23, Tippl's annual base salary grew to $850,000. The executive can also receive an annual bonus "targeted" at 120 percent of his base salary, a figure that hinges upon his performance and that of the company. Tippl is also eligible to receive--pending compensation committee approval--225,000 performance shares, with the option to purchase an additional 525,000 common stock and 350,000 restricted shares. According to Forbes, the executive received over $1.4 million in Activision stock options in 2008, bringing his total compensation for that year to $3.23 million.

Tippl joined Activision as its CFO in 2005. Prior to his appointment to the position, he served in various capacities at Procter & Gamble, which creates consumer products ranging from Duracell batteries to Crest toothpaste.

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23 comments
wwlettsome
wwlettsome

Nice for him, but bad for gamers. I've dealt with too many Fortune 500 finance types before. Few good ones, most of them not so much and I hope under the dutch boy haircut this guy understands he's not cranking out tubes of toothpaste or trash bags but after hearing about their restructuring plan I doubt it.

cjasko94
cjasko94

A piece of chicken > Activision

ScreamDream
ScreamDream

[This message was deleted at the request of the original poster]

jmartinez1983
jmartinez1983

So a promotion means more money? Interesting. I must get one of these promotions for myself.

brendanhunt1
brendanhunt1

If only they would find a repacement for CEO

bigpimppapa
bigpimppapa

the cash you pay for the map packs is his pay increase Smarten up Gamers

spOOoOOn
spOOoOOn

Why would this be of interest to us in any way whatsoever... (exept the whole activision-is-the-boogyman thing)

xmop1000
xmop1000

This guy got promoted because of Infinity Ward's Modern Warfare 2, they should actually thank them for it. No matter what the two heads of Infinity Ward trying to do, they should at least show some gratitude, and firing them is the worse way to do it. (Sigh) Business is always f***ing cruel to people......

monson21502
monson21502

hate to see his high school picture back in the 70s :shock:

starduke
starduke

this guys almost as scary lookin as KoTick. Behind that lame exterior is an even lamer interior, just waiting to jump out!

BlueFlameBat
BlueFlameBat

I didn't even read the article. I just wanted to say this guy looks like an ugly clone of Bill Murray and I hope he dies a horrible painful death.

monson21502
monson21502

he be making big bucks now. so that hair cut wont matter anymore....

Blaiyan
Blaiyan

He has that look like, yeah, I know, Activision. I hate me too. I wanted to leave but.. more Money.

coldsauce09
coldsauce09

..!.. is the only thing i can do 4 u

UnknownForm
UnknownForm

Hope this guy is better than the "CEO"!!;)

okassar
okassar

Procter and Gamble? LOL! That's even more disconnect that Kotick. Look at the guy, you can tell he's a dick without even meeting him lol. He's the kind of guy that would drink wine and eat caviar while listening to Beethoven before advising Activision to milk any given game to death so he can get a bigger bonus the next year when that strategy works (more bonus=more caviar :) ) -----________-----

svaubel
svaubel

So when can Kotick be promoted to Fired?

parrot_of_adun
parrot_of_adun

Oh he must be good, he worked for Procter & Gamble, so he MUST know something about selling videogames... /sarcasm

dukerav
dukerav

If Kotick is the Emperor of the gaming industry, I suppose this is the Darth Vader ?

alexLmx6
alexLmx6

why does everyone at activision look like a pedophile, or like they have a gun in their back during the photo? you would think with all the millions hes making selling tony hawks virtual rooftop lawn bowling 17 he could afford a haircut

Cwagmire21
Cwagmire21

I wonder if this guy is anything like Kotick.

Leviathan96
Leviathan96

Yaay...Activision...? Don't think anyone cares about this company anyways.