Crytek ‘Fortified’ in Autumn 2017 Through An Investment; Cevat Yerli Steps Down, His Brothers Will Become CEOs
Crytek announced today via press release that the company has been fortified by an investment in Autumn 2017 that secured the necessary capital for the growth.
At the same time, founder Cevat Yerli will step down from his CEO and President role to become a ‘Strategic Shareholder’. The leadership will be passed to his brothers, Avni Yerli and Faruk Yerli, who will serve as joint CEOs.
Former CEO and President Cevat Yerli said:
With the company in a strong position, now is the ideal time to recognize the existing leadership’s excellent achievements over these past two years and formally transition executive leadership to Avni and Faruk. I have been honored to serve as CEO of the company I founded with my brothers almost 20 years ago and have seen the team accomplish breakthrough things in that time. I look forward to continue helping Crytek as a major shareholder, and I am very excited to see what tomorrow brings. I have every confidence that the company will continue to shine under the guidance of Avni, Faruk, and the rest of the leadership team.
This change comes shortly after Crytek successfully launched Hunt: Showdown, their latest horror-themed PvE/PvP first-person shooter game, on Steam Early Access. According to SteamSpy data, the game already sold over 100K digital copies.
According to the press release, the company will “continue to focus on enhancing its industry-leading proprietary development platform CRYENGINE, as well as ongoing development and publishing for Hunt: Showdown in the Frankfurt studio and Warface in the Kiev studio. Crytek’s Istanbul office will continue to be responsible for operating Warface in Turkey.”