Executive shuffle
The company hired seasoned executive Nick Brien as its chief executive officer in March, who joined Enthusiast Gaming following leadership roles at ad-tech firm Amobee and Dentsu.
Brien left the company in January and was replaced in an interim capacity by Adrian Montgomery, the current chairman of the board and previous CEO.
In January 2022, four vice-president-level executives at Enthusiast Gaming wrote a letter to the board requesting that Montgomery step down from the CEO position, according to The Washington Post. In the letter, the group cites failures around strategic planning and equity distribution, as well as issues relating to staffing the human resources department, as threats to the Enthusiast Gaming business.
In November, it hired Felicia DellaFortuna as its new chief financial officer. DellaFortuna joined the company following an eight-year tenure at BuzzFeed Inc., which recently laid off 16% of its staff as part of its sale of Complex Media.
In the last month, chief product officer Shinggo Lu, chief technology officer Alan Liang and chief content officer Roarke Boes also left the company, according to a person familiar with the matter.
“While we know that change can be challenging,” the internal memo said, “we believe that this strategic restructuring is a necessary step to secure our position as a leader in the industry and create long-term value for our stakeholders.”