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THQ CFO Zinser Resigns, Interim Appointed

THQ CFO Zinser Resigns, Interim Appointed

November 26, 2007 | By Christian Nutt

November 26, 2007 | By Christian Nutt
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Major publisher THQ (Saints Row) has announced the resignation of its chief financial officer, Edward Zinser, effective immediately, and the appointment of Rasmus van der Colff, vice president and controller, as interim CFO. The company is currently searching for a permanent replacement for Zinser.

In a carefully worded press release, the company did not comment on any of the circumstances that lead to Ziser's resignation, and refused to elaborate.

According to the official statement: "Mr. Zinser's resignation is in no way related to the financial condition, results of operations or future prospects of THQ." The company recently released financial results that had it reporting slightly reduced revenue of $229.3 million, and dropping to a loss of $7.0 million, after titles such as Stuntman and Juiced 2 failed to score major sales.

Aside from a "mutual agreement" leading to the resignation, THQ did not disclose further details. The release states that "the company intends to make no further comment on the circumstances resulting in the resignation."

Van der Colff started as as vice president and corporate controller of THQ in May 2007, previously working for Sun Microsystems and Activision in similar capacities.


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