Zucker quits Midway following shock losses

Thursday, 20 March 2008 14:33 GMT By Patrick Garratt

David Zucker has resigned as Midway CEO following full-year losses of almost $100 million in 2007.

Matthew Booty, VP of worldwide studios, will step into his shoes as an interim measure until a new replacement’s found.

“The board is confident that a new CEO will be selected who can fully utilize the opportunities presented by this next-generation console cycle to renew Midway’s position as a major player in the video game industry,” said Midway Chairman Shari Redstone.