Take 2 CEO Resigns Goes to Asia

In the same week as Rockstar and 2K Games parent, Take 2 Interactive declares that it's shifting its financial reporting by a year, it's CEO Ben Feder decides it's time to resign and go travelling. He remains a partner in ZelnickMedia though.

The resignation was announced in a form 8k to the USA's SEC as follows:

"On October 29 2010, Take-Two Interactive Software, Inc. announced that Ben Feder, its Chief Executive Officer, will be departing the company, effective January 1, 2011. Strauss Zelnick, the Company's Executive Chairman, will take the on the additional role of Chief Executive Officer, effective January 1, 2011."

Also in the shuffle is former VP Karl Slatoff's move to COO of the company.

The company also issued a statement to the press that includes the following:

"Ben Feder, has decided to step down in order to pursue plans to travel in Asia with his family for an extended period."

"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."

We await the rumours that Apple is to buy Take Two.