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CEO Feder exits Take-Two

"Plans to travel"; Zelnick to take on his role as of January 2011

Take-Two's chief executive officer Ben Feder is to leave the role as of January 1 next year.

After four years heading up Take-Two, Feder "has decided to step down in order to pursue plans to travel in Asia with his family for an extended period," the publisher announced today.

Executive Chairman Strauss Zelnick will assume the CEO mantle in addition to his existing duties.

He will be supported by EVP Karl Slatoff, who moves into a newly-created chief operating office role.

Said Zelnick, "The Board of Directors and I want to thank Ben Feder for his leadership, which has been a major element in the tremendous progress of Take-Two over a period of nearly four years.

"Our success also has been a team effort, built on the strengths, talents and dedication of many professionals. I have every confidence that this team will continue to deliver on the tremendous potential of Take-Two in the coming months."

Feder will assist the transition ahead of his departure. "I am proud of our team for transforming Take-Two into a more profitable, more diversified and growth-oriented company," he said.

"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 honour certain commitments that I have made to my family."

Feder remains a partner in ZelnickMedia, as does Slatoff.

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Alec Meer: A 10-year veteran of scribbling about video games, Alec primarily writes for Rock, Paper, Shotgun, but given any opportunity he will escape his keyboard and mouse ghetto to write about any and all formats.
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