THQ Finance Chief Resigns; Interim Appointment Made
THQ Inc. (THQI) 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.
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