|[January 31, 2014]
Mad Catz® Announces the Resignation of William Woodward from the Board of Directors and the Appointment of Scott Guthrie as His Replacement
SAN DIEGO --(Business Wire)--
Mad Catz Interactive, Inc. ("Mad Catz" or "Company") (NYSE MKT/TSX: MCZ)
announced today the resignation of William Woodward from the Company's
Board of Directors ("Board"). Mr. Woodward also was a member of the
Board's Audit Committee and a key supporter of the Company's growth and
more sophisticated product mix. Mr. Woodward resigned from the Board for
personal reasons and his decision was not the result of any disagreement
with the Company or the Board. The Company greatly appreciates Mr.
Woodward's service and contributions as a member of the Board and its
Audit Committee over the last seven years and wishes him the very best
in his future endeavors.
The Company also announced today the appointment of Scott Guthrie to the
Company's Board and Audit Committee. Mr. Guthrie joins the Board in
conjunction with the vacancy created by the resignation of Mr. Woodward.
Mr. Guthrie has spent his entire career building consumer-facing
businesses and was recently appointed Regional General Manager of the
Americas for SodaStream International Ltd., the world's leading
manufacturer and distributor of home beverage carbonation systems. Prior
to that, Mr. Guthrie held senior management positions with several
global consumer products companies, including: EVP of Paramount Pictures (News - Alert)
Home Entertainment (a division of Viacom), where he was responsible for
the sales and marketing strategies of leading home entertainment brands
such as Paramount, Dreamworks, MTV, Nickelodeon, CBS and Showtime; EVP
of MTV Games, where he oversaw the global development of the popular
Rockband franchise and other leading video games; EVP of Publishing at
THQ, a leading developer and publisher of interactive entertaiment
software; and Head of North American Sales and Distribution in the home
entertainment division of The Walt Disney (News - Alert) Company. Mr. Guthrie began his
career as a Key Account Sales Manager with Colgate-Palmolive before
joining PepsiCo as National Accounts Sales Manager in Canada. Mr.
Guthrie holds a BA in Business/Economics from Bishops University.
Commenting on Mr. Woodward's resignation and on Mr. Guthrie's
appointment, Darren Richardson (News - Alert), President and Chief Executive Officer of
Mad Catz, said, "We greatly appreciate Bill's valuable service to the
Company and his support for the Company's strategic acquisitions and
increased sophistication in product and product breathe during his Board
tenure. We wish him only the best in his current and future endeavors.
While we are sad to see Bill go, we are pleased to welcome Scott to the
Board. His broad expertise in growing leading consumer brands,
particularly in the gaming, software and home entertainment industries,
makes him a great fit for Mad Catz, a valuable asset to our Board, and
will further assist Mad Catz as it pursues its strategic direction of
creating cutting-edge products for passionate consumers."
About Mad Catz
Mad Catz Interactive, Inc. ("Mad Catz") (NYSE MKT/TSX: MCZ) is a leading
global provider of innovative interactive entertainment and leisure
products marketed under its Mad Catz® (gaming), Tritton®
(audio), and Saitek® (simulation) brands. Mad Catz also
develops flight simulation software through its internal ThunderHawk
Studios™; publishes games under its Mad Catz brand; and, distributes
games and videogame products for third parties. Mad Catz distributes its
products through most leading retailers offering interactive
entertainment and leisure products and maintains offices in North
America, Europe and Asia. For additional information about Mad Catz and
its products, please visit the Company's website at www.madcatz.com.
Twitter (News - Alert): http://twitter.com/MadCatz
YouTube (News - Alert): http://www.youtube.com/MadCatzCompany
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