Nazara CEO Nitish Mittersain steps down; Raymond Albaladejo Stauffer takes over
Mittersain will now focus his efforts as MD on shaping the company's long-term strategy, portfolio direction, strategic partnerships, and key stakeholder engagement.
Nitish Mittersain, the founder of Nazara Technologies, will resign as CEO on September 1, with the board appointing Raymond A. Stauffer as the new CEO. Mittersain, who established Nazara in 1999 and guided its growth into a prominent global gaming platform, will remain as the company's founder and managing director. He will concentrate on Nazara's future strategy, portfolio direction, and relationships with key stakeholders, collaborating closely with Stauffer and the board on the company's long-term direction and entrepreneurial culture.
During the board meeting where the leadership change was announced, Mittersain explained that this move marked the next stage in Nazara's evolution. Having overseen the company through two significant phases of its development, he believed it was time to reinforce its leadership structure with a CEO possessing extensive international operating experience to oversee day-to-day operations across the group.
Raymond Stauffer, the founder and former CEO of Bluetile and BestPlay, assumes the role of CEO after growing Bluetile to Rs 254 crore in EBITA in CY25, with a team of 65 members. Stauffer will oversee Nazara's daily operations, portfolio integration, business performance, and shared operating capabilities. In his statement, he expressed his focus on strengthening execution across product, AI, user acquisition, and monetization, while safeguarding entrepreneurial ownership within each business.
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