THQ announces Q3 results, names new CFO to oversee company's restructuring
As it prepares to act on drastic cost cutting measures, THQ has announced the appointment of Paul J. Pucino as executive vice president and (most importantly) chief financial officer. Pucino is assuming the position -- which was left unoccupied by Colin Slade, who is on "indefinite medical leave of absence" -- effective immediately.
The appointment comes in the wake of THQ's Q3 financial report, in which the company reported a net loss of $191.8 million for the three months ended December 31, 2008. $70 million in cuts to product development for fiscal year 2010 are planned as the publisher attempts to remain afloat.
Source - THQ Appoints Paul J. Pucino Executive Vice President and Chief Financial Officer
Source - THQ Reports Fiscal 2009 Third Quarter Result
