EIDOS PLC ANNOUNCES
Copyright 2008 Eidos plc Press Release
[ January 18th 2008 ]
Board of SCi has today announced a number of changes
to its management team and a business review.
Jane Cavanagh, Bill Ennis and Rob Murphy have
stepped down from their respective positions as
CEO, Managing Director, Publishing and Managing
Director, Studios and will leave the Company with
Rogers, who joined the Group in March 2007 as
Corporate Development Director from Electronic
Arts, subsequently becoming Group CFO in September
of last year, has been appointed as Chief Executive
with immediate effect.
Dunne will take over as interim CFO but will not
join the Board. He is currently CFO of the Group's
US publishing business. The board will look internally
and externally to fill this position permanently.
Rogers is leading the business review with the
full support of the Board and a small team of
senior managers from within the business. In parallel
with this review, as was stated in the trading
up-date of 9 January 2008, the decision to
make changes to the platform and release schedule
has required the Company to reassess its working
has received proposals from potential partners
however the Board continues to examine all funding
opportunities which it will determine in due course.
It is the Board's intention to report back to
shareholders with the findings of its review and
update on its financing discussions by the end
of February with its Interim Results for the six
months ended 31st December 2007.
these actions, SCi Chairman, Tim Ryan said: 'In
Phil Rogers, SCi has a high-quality industry professional,
whose past experience will be enormously valuable
to the future of the business.
by Phil, the Board has already commenced a root
and branch review of the Company's strategy and
will report back to shareholders on our findings
and recommendations within our clear timetable.
a tremendous pool of talent in our business and
some wonderful intellectual property which is
globally renowned. The market for games and gaming
is strong and growing with huge opportunities
worldwide as new platforms and technologies blossom.
We intend to take advantage of those strong market