THQ Executive Vice President Scott Guthrie Resigns
THQ Inc. (THQI), the maker of World Wrestling Entertainment video games, said its top executive for North American sales, marketing and distribution resigned.
Executive Vice President Scott Guthrie stepped down effectively immediately to pursue an undisclosed opportunity, Agoura Hills, California-based THQ said today in a statement.
THQ, which has reported five-straight quarterly losses, recently completed a restructuring that included a $220 million cut in annual spending. Sales fell 19 percent last year as the company struggled to develop new hit titles for consoles from Nintendo Co., Microsoft Corp. and Sony Corp.
THQ gained 27 cents, or 4.6 percent, to $6.14 in Nasdaq Stock Market trading. The shares have gained 47 percent this year.
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