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".
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Israel's propaganda machine is finally starting to misfire
- 5 'Hello mum, this is going to be hard for you to read ...'
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Women in Turkey have a laugh in public at the deputy Prime Minister's expense
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...