Nitish Mittersain steps down as CEO of Nazara Technologies, to continue as MD

The company has appointed Raymond A. Stauffer as CEO

by e4m Desk
Published: Aug 4, 2026 1:59 PM | 2 min read

Nitish Mittersain has resigned as CEO of Nazara Technologies but will remain as Managing Director, focusing on long-term strategy and stakeholder relationships.
Raymond A. Stauffer, Founder and CEO of Bluetile Games, has been appointed as the new CEO of Nazara Technologies, effective September 1, 2026, pending regulatory approvals.
Stauffer will oversee daily operations, portfolio performance, and integration across various functions including product development and monetization.
Both Mittersain and Stauffer emphasized the importance of Nazara's recent acquisitions and the company's trajectory in the gaming industry, with a focus on AI-enabled growth and maintaining entrepreneurial ownership.

Nitish Mittersain has stepped down from his role as CEO while continuing as Managing Director of Nazara Technologies. The Board has appointed Bluetile Games’ Founder & CEO Raymond A. Stauffer as Chief Executive Officer of Nazara Technologies Limited, effective 1 September 2026, subject to relevant regulatory approvals. He brings deep experience in AI-enabled game development, product operations, user acquisition, monetisation and capital-efficient global growth.

As CEO, Raymond will lead Nazara Group’s day-to-day operations, integration, portfolio performance and shared operating capabilities across product, data, artificial intelligence, user acquisition and monetisation.

Nitish Mittersain will continue as Founder and Managing Director, shaping Nazara’s long-term strategy, portfolio direction and key stakeholder relationships, while working closely with Raymond and the Board.

Commenting on the developments, Nitish Mittersain, MD and CEO, Nazara Technologies, said, “Q1FY27 clearly shows that Nazara is on the right trajectory by focusing on its core gaming business and the Bluetile and BestPlay acquisition is an important step forward in Nazara’s evolution into a global gaming operating platform. Raymond’s appointment strengthens Nazara’s leadership for the scale we now have. He brings a founder’s mindset and a proven record of AI-enabled development, operating discipline and capital-efficient growth. As Founder and Managing Director, I will continue to shape Nazara’s long-term strategy, portfolio direction and key relationships, working closely with Raymond and the Board.”

Raymond A. Stauffer, Chief Executive Officer - Designate, Nazara Technologies, said, “Nazara has built a strong portfolio of global gaming IPs and entrepreneurial businesses. My focus will be to strengthen execution across product, AI, user acquisition and monetisation, while preserving entrepreneurial ownership within each business.”