Mad Catz CFO Resigns

Despite video game accessories maker and Real World Golf North American licensor Mad Catz recently announcing improved financial results for the first quarter, Cyril Talbot III has revealed that he is to resign from the company as chief financial officer. Talbot’s resignation will be effective from September 1st, 2006 as he leaves to take up a position at an unnamed privately held company outside of the interactive entertainment industry. No reason for Talbot’s departure was given, with Mad Catz now announcing its search to refill his position. Darren Richardson, president and CEO of Mad Catz, commented, "We appreciate Cy's valuable contributions to Mad Catz and wish him well in his future endeavors. We'll take this opportunity to seek a CFO that brings to Mad Catz a successful track record in finance, SEC reporting and compliance knowledge, and communication skills that support our financial community relationships." Talbot added, "Mad Catz has a well-earned industry reputation for innovative, quality products that deliver value to consumers. I am delighted to have contributed to the Company's growth during my tenure and look forward to supporting the Company to facilitate a smooth transition while it identifies and appoints a new CFO."