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

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


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.

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