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Frogster axes senior management

CEO of US and CFO in Europe relieved of duties with immediate effect

German MMO firm Frogster Interactive has axed three of its senior staff, including its chief financial officer.

Lars Koschin, CEO of Frogster America and previously an employee of Gameforge, has been relieved of duties, along with board member Bjorn Koschin.

Ralf Kloppel, who has been acting as CFO for Frogster Online Gaming since April 2009, has also been removed from his position. A spokesperson for the company refused to comment further on the matter.

Last week Gameforge upped its offer for Frogster, a move that was endorsed by the executive team.

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Matt Martin

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Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.