Bloomberg News

THQ Finance Chief Resigns; Interim Appointment Made

November 26, 2007

THQ Inc. (THQI:US) said Chief Financial Officer Edward Zinser resigned and the company named Controller Rasmus van der Colff as interim CFO while the company looks for a permanent replacement.

Zinser's departure isn't related to THQ's financial condition, the Agoura Hills, California-based video-game publisher said today in a statement. Zinser wasn't available to comment, said THQ spokeswoman Liz Pieri.

THQ earlier this month reported a second-quarter loss of $7 million because of slow sales of two new driving games, ``Stuntman: Ignition'' and ``Juiced 2: Hot Import Nights.''

Michael Pachter, an analyst for Wedbush Morgan Securities in Los Angeles, said he was surprised by the suddenness of the resignation. He said THQ's second-quarter performance was the result of the new games not being received well.

``They just weren't that good and that's certainly not the CFO's fault,'' he said.

THQ declined $1.30, or 5.2 percent, to $23.86 in Nasdaq Stock Market composite trading. The shares have declined 27 percent this year.

To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net

To contact the editor responsible for this story: JoAnne Norton at jnorton@bloomberg.net


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