Continuing its restructuring of senior level management and re-assessing its publishing strategy and internal infrastructure, Atari has announced the appointment of three new members to its board of directors.
Following less than positive financial results for the second quarter, which revealed losses of USD 25.2 million, Atari is determined to re-evaluate its strategies and reduce losses, bringing a wealth of industry and financial experience to its board of directors with the latest appointments. The board now consists of ten directors, including chairman, CEO and chief creative officer, Bruno Bonnell.
Ronald C. Bernard will serve as a director and chairman of Atariâs audit committee, bringing with him over 25 years experience across a range of entertainment industries in Fortune 500 companies. Formerly employed as CEO of media assets management firm Sekani, Bernard has also served as president of NFL Enterprises, where he oversaw new media, satellite programming, NFL Films and NFL International. Additionally, Bernard has served as president of Viacom Network Enterprises, looking after satellite programming, international, news channel and pay-per-view divisions.
Michael G. Corrigan will also serve on the audit committee. Corrigan is the co-founder and principal of Shelbourne Capital Partners and acts as an entertainment and media consultant. He previously served as senior EVP and CFO for Metro-Goldwyn-Mayer, where he was responsible for all financial, administrative and operational support functions of the motion picture studio.
The third appointment is Evence-Charles CoppÃ®e, currently the deputy COO of Atari's major shareholder, Infogrames Entertainment S.A. CoppÃ®e's primary role is to improve the group's organization and capital structure, and he currently oversees the operations of IESAâs corporate management, including its finance, treasury, legal and human resources divisions.
Atari's chairman, CEO and chief creative officer, Bruno Bonnell commented on the new appointments, stating: "We are delighted to welcome Ron, Michael and Evence to our Board of Directors. During the first half of fiscal 2006, we took the crucial steps necessary to build a strong foundation for the companyâs future; restructuring our senior management team, rebuilding our publishing, marketing and product development groups and continuing to reduce our cost structure.
The addition of these Directorsâ expertise in finance, restructuring and operations from varied backgrounds including, sports entertainment, motion pictures and newspaper publishing will be a tremendous asset to Atari as we continue to shape the Companyâs future."