Three Marketing Executives Quietly Exited FaZe Clan in the July – October Period

Yesterday we reported that high-profile FaZe Clan executive Kai Henry had resigned from his post as chief strategy officer, revealed via a Form 8-K filing with the U.S. Securities & Exchange Commission (SEC) filed by FaZe Holdings Inc. (NASDAQ: FAZE) on Nov. 8, but Henry isn’t the only executive to leave the company quietly in the last few months.

Bo Wolfe, who spent nearly a year-and-a-half as a marketing cooridnator for FaZe Clan before being promoted to VP of consumer products, left the company in October to join Interscope Records as a marketing cooridnator. Prior to joining FaZe, Wolfe spent two-and-a-half years at Creative Arts Agency in various roles.

Wolfe was promoted because Derek Chestnut left the company in July to join Complexity Gaming owner GameSquare. Chestnut served as the VP of consumer products for more than four years at FaZe before leaving to take on the role of head of consumer products at GameSquare.

Wolfe joined colleague Xavier Ramos, who exited Faze after three-and-a-half years and his position as SVP head of marketing in September to join Interscope Records as executive VP of pop & rock marketing. Ramos is a seasoned music industry marketing veteran who spent nearly 16 years working at Warner Bros. Records and Interscope Records, so his return to the industry isn’t surprising.

Companies (even publicly-traded ones like FaZe Holdings) don’t typically announce when executives leave the company (unless they are extremely high-profile/have a major ownership stake, etc.) so it’s not surprising that Wolfe, Ramos, and Chestnut moved on to Interscope and GameSquare without much fanfare or public notice.

Wolfe, Chestnut, Ramos, and Henry join former FaZe Chief Financial Officer Amit Bajaj, who left the company in May prior to the company going public through a SPAC (special purpose acquisition company) merger with Nasdaq-listed B. Riley Principal 150 Merger Corp. Unlike the aforementioned departures at the tail-end of this year, Bajaj’s exit was detailed in a letter to shareholders by CEO Lee Trink.