Tippl takes COO role at Activision
Executive earns $850,000 basic plus significant bonuses
Call of Duty publisher Activision has promoted chief financial officer Thomas Tippl to chief operating officer, according to an SEC filing.
Tippl will earn $850,000 per year in the new role, and will continue to hold the CFO position until a replacement is found, while resigning from his chief corporate officer position.
He will also be eligible for an annual bonus with a target amount of 120 per cent of his base salary, based on his own and the company's performance, to be decided by Activision's compensation committee. On top of that, Tippl is also given the option to buy 525,000 common stock, 350,000 restricted shares and 225,000 performance shares.
Tippl joined Activision as CFO in 2005, and prior to that was head of investor relations at Proctor & Gamble.