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Publisher Red Mile Shuffles Executives
by Chris Remo [PC, Console/PC]
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April 6, 2009
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Developer and publisher Red Mile Entertainment (Sin City) has undergone some changes to its executive positions, with CEO Chester Aldridge resigning from his post, and investor Kenny Cheung resigning from the board.
Aldridge will retain his position as chairman of the board, while Cheung will apparently leave his official position with Red Mile completely.
Replacing Aldridge will be Simon Price, already serving as the company's president and a long-time executive at Red Mile; it appears thathe will fulfill both roles simultaneously.
This latest news comes just weeks after the publisher admitted it was hurting for cash, even after securing a $1 million line of credit with Cheung's Tiger Paw Capital.
The most recent executive change news was disclosed in an SEC filing by Red Mile, one of a long line of disclosures for the troubled firm.
Red Mile, which was involved in an attempted merger with Canadian company SilverBirch Studios last year that has not been completed due to disputes, is currently working on Sin City: The Game and the combat flight sim Heroes Over Europe.
The latter game has had a troubled development history, with Red Mile losing its initial developer after claims of non-payment, then losing a co-publishing deal with Atari.
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