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 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 The confessions of men who ordered mail-order brides
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
Nepal earthquake video: Terrifying footage shows moment avalanche hit Everest Base Camp
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...