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Shari Redstone resigns from Midway role

Chairperson exits to focus on family holding company, National Amusements Inc

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News by Phil Elliott Contributor
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Shari Redstone has stepped down from her post as chairperson of Midway Games, to be replaced by board and audit committee member Peter Brown.

Redstone, daughter of media mogul Sumner Redstone - who owns a large stake in Midway - has said that she will be focusing on her role as president of the privately held family company National Amusements Inc.

"I was honoured to serve on the Midway Board for the past four years, most recently as its chair," she said. "With my recent appointment to the special committee of the National Amusements board of directors, I am resigning from the Midway board to focus on these responsibilities."

Peter Brown is also chairman, president and CEO of AMC Entertainment, as well as a director of Embarq Corporation, National CineMedia Inc and MovieTickets.com.