57.7 F
San Diego
Thursday, Apr 25, 2024
-Advertisement-

Executive Team Replaced at Mad Catz Interactive

Mad Catz Interactive Inc. announced that its chairman, its chief executive officer and its chief counsel all resigned and have been replaced, effective immediately. The company offered no reason for the changes in a Feb. 8 announcement.

Mad Catz (NYSE: MCZ) makes videogame peripherals, including the guitar controllers for the latest installment of the Rock Band franchise and fight stick controllers for the latest version of the Street Fighter game.

The company said that Thomas Brown resigned from the board on Feb. 5. Replacing him as chairman is John Nyholt. Brown had been on the Mad Catz board since the spring of 2006; he is the CEO of another San Diego electronics business, LRAD Corp.

Darren Richardson stepped down from the Mad Catz CEO job after 12 years. Karen McGinnis, chief financial officer, is taking the chief executive’s job and has taken a seat on the company board of directors. McGinnis, who has been with the company since 2013, was previously with Cymer.

Whitney Peterson resigned as senior vice president of business affairs, general counsel and corporate secretary.

In a statement, McGinnis thanked the three for their contributions to the company. A company representative said McGinnis would not be available for comment until after the company reported quarterly financial results on Feb. 9.

With the changes, former corporate controller David McKeon will become chief financial officer. Tyson Marshall, previously associate general counsel, is taking the jobs of general counsel and corporate secretary.

Additionally, the company said that Andrew Young, formerly vice president for product development, has taken the job of chief technology officer.

Mad Catz has its main office in Scripps Ranch.

Company shares fell 26 percent to 29 cents in trading Feb. 8.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-