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THQ Promotes Martin Good to EVP; Integrates Online Game Publishing and Development within Business Units

^{Published on 2010-06-10 03:20:20 - Market Wire}
 

AGOURA HILLS, Calif.--([ BUSINESS WIRE ])--THQ Inc. (NASDAQ: THQI) today announced the promotion of Martin Good to Executive Vice President, Kids, Family, Casual Games, and Global Online Services. He will report directly to THQ President and CEO Brian Farrell. The company also announced the integration of the Online Business Unit within the companya™s Core Games and Kids, Family and Casual Games Business Units. In his new role, Good will also oversee Online Services, which will provide the delivery of online games across both business units.

"We all wish him well in his next endeavors."

Brian Farrell, President and CEO, said, aMartina™s leadership and experience uniquely qualify him to lead our Kids, Family, Casual Games Business Unit, while continuing his role in driving our online operations.a

Farrell continued, aOnline and digital represents our industrya™s largest growth opportunity and it is imperative that we integrate digital and online game strategies into all of our key franchise plans. Now that we have momentum in our online pipeline, this is a natural evolution of our organizational structure, putting the leaders of our two product-focused business units in charge of development across all platforms. The company will now be organized in two clear business units and we are aggressively creating content to be delivered to gamers in all possible formats.a

Good has significant experience in the video game industry, including a ten-year tenure at THQ, most recently as Senior Vice President of THQ Asia Pacific and Global Online Publishing, during which he led the creation of THQa™s direct publishing operations in Korea, China, Japan and Australia. He also brings extensive market expertise in online game development and publishing as he was responsible for overseeing THQ's entry into the MMOG space in key regions in Asia.

Good said, aI am very excited to lead the THQ Kids, Family, Casual Games Business Unit. This is a vibrant product category and I am excited about our robust pipeline and partnerships. In addition, I look forward to leveraging my Asia online gaming experience to run the operations for online games across the company.a

Steve Dauterman has moved to the role of Senior Vice President, Core Games Product Development, reporting to Danny Bilson, Executive Vice President, Core Games. A key part of his role will be integrating online strategies and overseeing online game development within THQa™s Core Games Business Unit.

THQa™s growing online game pipeline includes free-to-play, micro-transaction based online PC games such as Company of Heroes® Onlinea" and WWE® SmackDown® vs. Raw® Online, as well as the Warhammer® 40,000a" Dark Millenniuma" Online MMO. The companya™s online portfolio also includes digital games for Facebook, iPhone/iPad, Xbox LIVE® Arcade and PlayStation® Network.

Rodney Block has been named Managing Director, Asia Pacific and will be responsible for overseeing THQa™s publishing operations in the Asia Pacific region.

The company also announced that Doug Clemmer has resigned but will remain with THQ during a transition period through the end of August 2010.

aI want to thank Doug for the tremendous contributions hea™s made to THQ over the past eight years and for helping to build our Kids, Family, Casual Games Business Unit,a said Farrell. aWe all wish him well in his next endeavors.a

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products can be found at [ www.thq.com ] and [ www.thqwireless.com ]. THQ, Company of Heroes Online, and their respective logos are trademarks and/or registered trademarks of THQ Inc. All other trademarks are property of their respective owners.

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Such statements include, but are not limited to the ability of THQ Inc. and its subsidiaries (collectively referred to as "THQ") to drive growth of online game revenues and support the integration of digital and online components across the companya™s key franchises.These forward-looking statements are based on current expectations, estimates and projections about the business of THQ and are based upon management's beliefs and certain assumptions made by management.Such forward-looking statements are subject to risks and uncertainties that may well cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive and technological factors affecting the operations, markets, products, services and pricing of THQ.Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements.Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10a'Q and its Annual Report on Form 10a'K for the fiscal period ended March 31, 2010, and particularly the discussion of risk factors that may affect results of operations set forth therein.Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.