Discord names new CEO ahead of potential IPO as co-founder steps down

Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021. Discord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday. Citron will be replaced by former Activision Blizzard Vice Chairman Humam Sakhnini, who will assume the reigns as Discord CEO and join the company's board on Monday. Citron will remain on Discord's board and become an advisor to the CEO, the company said. In a public memo to employees, Citron said "it feels like the right time" to move on from the executive role and that the company has a "clear strategy, new business lines to grow into, love and passion from our users, and an incredible team of people working tirelessly to deliver for them." "The job of a CEO is constantly evolving, and over the years I have continuously 'hired myself out of a job,'" Citron wrote. "Usually that means delegating work and then taking on different leadership challenge ... Read full article.