Ben Feder today announced he is stepping down from his position as Take-Two's Chief Executive Officer. Feder said he is leaving in order to travel Asia with his family for an extended period, but will remain a partner with parent company ZelnickMedia. Feder will remain at his position until January 1, 2011.
"I am proud of our team for transforming Take-Two into a more profitable, more diversified and growth-oriented company," Feder said. "As a result of the team's efforts, the Company today is in the strongest financial and operational condition in its history."
Feder joined Take-Two in April 2007. Executive Chairman Strauss Zelnick will take on the additional role as CEO. Karl Slatoff, Executive VP, has been named Chief Operative Officer. Feder's resignation comes at an odd time as Take-Two recently announced it expects to have its first profitable year in a decade without a major Grand Theft Auto release.
Red Dead Redemption remains one of this year's best selling titles in the industry. The last reported shipment numbers for the game worldwide were at 6.9 million units. The company still suffers from product delays, however, as Max Payne 3 and L.A. Noire continue to be pushed back. [/p]
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"I am proud of our team for transforming Take-Two into a more profitable, more diversified and growth-oriented company," Feder said. "As a result of the team's efforts, the Company today is in the strongest financial and operational condition in its history."
Feder joined Take-Two in April 2007. Executive Chairman Strauss Zelnick will take on the additional role as CEO. Karl Slatoff, Executive VP, has been named Chief Operative Officer. Feder's resignation comes at an odd time as Take-Two recently announced it expects to have its first profitable year in a decade without a major Grand Theft Auto release.
Red Dead Redemption remains one of this year's best selling titles in the industry. The last reported shipment numbers for the game worldwide were at 6.9 million units. The company still suffers from product delays, however, as Max Payne 3 and L.A. Noire continue to be pushed back. [/p]
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