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Mad Catz Interactive’s Chairman, CEO and Senior Vice President of Business Affairs have all resigned ahead of the firm’s latest financial results.
Chairman Thomas Brown resigned from the accessory company’s Board of Directors last Friday, along with President and CEO Darren Richardson, and SVP of Business Affairs, General Counsel and Corporate Secretary Whitney Peterson.
All three have already been replaced, suggesting the shake-up may have been set in motion prior to last week.
The announcement arrived just 24 hours ahead of Mad Catz’ Q3 2016 earnings call, which takes place at 10pm GMT tonight. During the call, Mad Catz will likely discuss Rock Band 4’s performance following its release last October. The company both co-published the game with Harmonix and produced the music controllers.
“We recognize the tremendous value that Thomas, Darren and Whitney have brought to Mad Catz during their tenure and thank them for their many contributions throughout the years,” said replacement CEO Karen McGinnis.
“Looking ahead, we are confident that we have a talented leadership team in place that will enable us to steer the Company on a steady course in its operations and financial performance as we look to grow our business and reward our shareholders.”
Mad Catz’ share price dipped 25% following the announcement.
Source: Mad Catz
