Take-Two Interactive CEO Ben Feder To Step Down
Take-Two Interactive Software announced today that its Chief Executive Officer, Ben Feder, has decided to step down in order to pursue plans to travel in Asia with his family for an extended period. Strauss Zelnick, Take-Two’s Executive Chairman, will take on the additional role of Chief Executive Officer. The Chief Executive Officer transition will be effective as of January 1, 2011.
“I am proud of our team for transforming Take-Two into a more profitable, more diversified and growth-oriented company,” Mr. Feder stated. “As a 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.”
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