Crytek co-founder and CEO Cevat Yerli has announced he has stepped down from his position with the company after nearly 20 years.

A post on the Crisis developer's official website confirms that Yerli will still remain affiliated with the studio in his position as Strategic Shareholder. However, full management has now passed over to Avni and Faruk Yerli, who have assumed the role of joint CEOs.

The news comes following last week's Early Access launch of Hunt: Showdown, although the studio did not actually confirm the exact reasons why Yerli decided to pack his bags. 

'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,' said Yerli. 

'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.'

Going forward, Crytek confirmed that it will continue to enhance the CryEngine as well as further develop Hunt: Showdown and support Warface.

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