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Report: Midway gets month stay of cash execution
March 20th, 2008 @ 14:33
David Zucker has resigned as Midway CEO following full-year losses of almost $100 million in 2007.
Matthew Booty, VP of worldwide studios, will step into his shoes as an interim measure until a new replacement’s found.
“The board is confident that a new CEO will be selected who can fully utilize the opportunities presented by this next-generation console cycle to renew Midway’s position as a major player in the video game industry,” said Midway Chairman Shari Redstone.
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