Game over for GTA maker's finance chief
Tuesday, 10 Apr 2007 10:26
GTA IV will be released this autumn
Take-Two, the owner of the Grand Theft Auto (GTA) computer game franchise, has announced the resignation of its chief financial officer.
Karl Winters' departure had been expected following a shareholder coup last month that claimed the seats of many board members at the New York-based firm.
Investors were angry at poor profits at Take-Two despite the continued success of the GTA series, manufactured by Rockstar Games.
Take-Two is also under investigation in the US by the securities and exchange commission for alleged stock misdemeanours.
Announcing the resignation of Mr Winters, the group's chief executive officer Ben Feder said: "Karl oversaw finance at Take-Two during challenging times for the company.
"We thank Karl for his years of service to Take-Two. He was instrumental in assembling a highly competent financial team that will serve us well in the future. We appreciate Karl's hard work and his continued support during the transition."
Take-Two's senior vice president of finance, Lainie Goldstein, has been appointed as Mr Winters' interim replacement before a permanent successor is found.
The highly anticipated GTA IV will be released in the US this autumn on both Sony's PlayStation 3 and Microsoft's Xbox 360.