New York – "Grand Theft Auto" video game publisher
Take-Two Interactive (NASD: TTWO) announced on Friday that CEO Ben Feder will step down to
pursue travel plans with family.
Company chairman Strauss Zelnick, will take on
the additional role of chief executive, while Take-Two executive vice president
Karl Slatoff was named to the newly created role of chief operating officer.
management transition is slated to take effect on the first of the year.
am proud of our team for transforming Take-Two into a more profitable, more
diversified and growth-oriented company," Mr. Feder stated.
result of the team’s efforts, the Company today is in the strongest financial
and operational condition in its history. Now that the Company is in a position
of strength and is poised for solid performance in the future, the time is
right for me to honor certain commitments that I have made to my family."