Mad Catz makes drastic executive changes prior to release of third quarter results

We have a feeling tomorrow's results won't be good.

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Mad Catz has announced it will be making several changes to its executive board, which includes the resignation of president and CEO, Darren Richardson, chairman Thomas Brown, and senior VP of business affairs Whitney Peterson.

Karen McGinnis, who previously served as the company’s chief financial officer, has been named president and CEO of Mad Catz and has been appointed to its Board of Directors.

Today’s news comes just one day prior to releasing its third quarter financial results, which makes these changes rather suspicious in our eyes. Harmonix’s Rock Band 4 was co-published by Mad Catz, which was a rather large gamble as it needed the game to be successful in order to keep the company afloat.

Rock Band 4 was released back in October 2015, and has since received regular updates. Whether or not the game is considered a success will depend on Mad Catz’s third quarter financial results, which we have a feeling won’t be good at all.

Senior Editor
From The Chatty
    • reply
      February 9, 2016 1:47 AM

      Rock Band 4 is super disappointing to me. :( I love Harmonix, but this product needed to be more than it was. Definitely regret the purchase.

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        February 9, 2016 5:48 AM

        So there's nothing noteworthy over the last ones? That's my impression anyway, I'll keep my 360 around for Rock Band parties until I die!!!1

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          February 9, 2016 4:57 PM

          Knowing that console's track record, you'll out live that thing for sure!

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        February 9, 2016 6:06 AM

        Yeah I've played it a few times over at my buddy's house, and while fun, might as well have been RB3. They didn't gave players any real reason to buy it when they could just keep playing the previous games instead.

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      February 9, 2016 8:10 AM

      Still can't get the "Band in a box" set in Poland and they are being radio silent on what the problem is - so if they shut down I won't be overly bothered.

      Maybe if you wanted to sell more units and not go bankrupt you should make and ship more units.