Following grim financial results, THQ has appointed Paul Pucino as executive vice president and the publisher's new chief financial officer.
Before joining THQ, Pucino was executive vice president and CFO of Classmates Media and financial exec of Digital Insight.
"Paul’s strong financial leadership, corporate strategy expertise and deep experience with technology companies will be invaluable as we execute on our recently announced strategic plan and business realignment actions," said Brian Farrell, president of THQ.
The firm plans to reduce costs by USD 220 million, following a quarter that saw the company take a loss of almost USD 192 million.
"THQ has strong franchises and a solid strategy," said Pucino. "I look forward to working with Brian and the rest of THQ’s management team to implement the necessary changes to improve THQ’s competitive position and profitability."
Pucino replaces Colin Slade who remains on indefinite medical leave.