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Infogrames Reportedly Shopping For New US Managing Director

The French newspaper Les Echos has reported that Infogrames is looking for a managing director to head the company's U.S. operations, and that individual will be groomed to eventually replace the company's founder and CEO, Bruno Bonnell.
A number of financial analysts have opined that the company would benefit from someone else at the helm to turn things around. Infogrames has had a difficult year -- it reported mediocre finanacial results for fiscal 2002, and investors watched its stock lose over 70% of its value this year. It also received a NASDAQ delisting warning notice on November 14.

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