Discord Names New CEO as Co-Founder Steps Down Ahead of IPO (1)

Discord Inc., the popular chat app, named a new chief executive officer, replacing co-founder and current CEO Jason Citron.

Humam Sakhnini, who most recently served as the vice chairman of Activision Blizzard, managing a portfolio of hit games including Call of Duty, World of Warcraft and Candy Crush, will take up the role on April 28, according to a statement from the company Wednesday.

Discord, which is popular with video-game players and programmers, is working with banks on an initial public offering as soon as this year, Bloomberg has reported.

Citron will remain on Discord’s ...