David Zucker resigns as Midway CEO

Midway has announced that CEO David Zucker is leaving the company, to be replaced by Matthew Booty on an interim basis.

Zucker, whose last interview as Midway boss will be published on GamesIndustry.biz tomorrow, was at the helm for just under five years, and oversaw a troubling period for the company which recently reported annual losses of USD 97.4 million.

Booty has worked with the company since 1991, most recently as senior VP, Worldwide Studios.

"The board is confident that a new CEO will be selected who can fully utilize the opportunities presented by this next-generation console cycle to renew Midway's position as a major player in the video game industry," said Midway Chairman Shari Redstone in a statement.