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Red Mile CEO steps down, ex-pres takes top spot
In these trying economic times, we've spent more time than we'd like writing up story after story about layoffs and business (or lack thereof) -- this is a site about video games, right? Fortunately for us, today's tale revolves around the ol' corporate musical chairs routine rather than a bunch of folks getting canned, as former Red Mile Entertainment CEO Chester Aldridge steps down from his position and (now former) Red Mile president Simon Price steps in. According to an SEC filing made in late March, not only is the company losing Mr. Aldridge but also Kenny Cheung from its board of directors. Mr. Cheung founded and currently owns Tiger Paw Capital, a venture capital firm that invested $1 million into the ailing company recently -- though we hear that's about $9 million short. Can we stop contextualizing corporate reshufflings now?[Via GamesIndustry.biz]
Red Mile restructuring continues, appoints new president
Just weeks after bringing on Maxis vet Jeff Braun, developer Red Mile has announced the appointment of a new company president, elevating industry consultant Simon Price to the company's throne. According to Red Mile, the move is part of a larger restructuring effort to "streamline costs" and "increase focus," corporate jargon that usually means some employees will be given their walking papers. Company CFO Ben Zadik already resigned as part of the effort on March 1, but plans to help in a consulting role for the next couple of months.Price, who has worked as a consultant for the company since it was founded in 2004, replaces former EA Canada president Glenn Wong, who stepped down at the end of February. According to Red Mile, Price has helped the company "in its efforts to identify and secure rights to key franchise titles," which given the company's recently released (and abysmal) Jackass and the upcoming (and hopefully good) Sin City, we figure the new exec is batting about .500.
