Game finds new boss but expects profit dip
Friday 18 June 2010
Game Group yesterday appointed a new chief executive who will have the task of turning around the video games retailer's fortunes. Yet Ian Shepherd's appointment was accompanied by predictions that the group's profits would be lower than expected this year.
Mr Shepherd, pictured, will take over as chief executive on 28 June, joining from the mobile phone giant Vodafone, where he was most recently the company's UK consumer director. He worked for nine years at BSkyB before joining Vodafone.
Game has been searching for a new head since the departure of Lisa Morgan, who quit in April after revealing profits had fallen 28 per cent last year. She had been at the company for 13 years and was chief executive for three. Chris Bell, who has acted as chief executive since her departure, will resume his role as the group's senior non-executive director. Game revealed in an interim management statement that since June trading had been tough.
It said the releases of games including Red Dead Redemption had not offset a decline in sales overall. It anticipates "negative full-year like for likes".
- 1 King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Presidential optical illusion offers clues to how brain processes faces
- 5 Grumpy Roald Dahl letter warning student to 'eschew beastly adjectives' rediscovered after 35 years
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ukip Jelly Babies cause uproar on Amazon
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...