Take-Two Appoints New CEO

Representatives from Take-Two Interactive have announced that company president and board member Paul Eibeler has now also been made chief executive officer. Eibeler takes over the role from Richard Roedel, who will nevertheless remain as chairman of the board. "I am proud that Take-Two has strengthened its management team and operations, enhanced its development and distribution resources, and continued to create products that have made us a powerful force in the video game industry. Given our solid position and strong momentum, I believe this is the right time to transition the CEO role. I'm confident that Paul Eibeler, who is highly respected in the video game industry and a key contributor to our progress, is the right executive to move the Company forward," said Roedel. Eibeler, 49, has been president and a director of Take-Two since April 2004 and previously held those positions from July 2000 to June 2003. From July to October 2003, he was president and COO of Acclaim North America, and was an executive vice president of Acclaim from 1998 to 1999. He has also been a consultant to Microsoft's Xbox launch team.