Pace lifted on chief appointment
Saturday 04 October 1997
Malcolm Miller, European chief executive of Sega Enterprises, will fill the void left by Barry Rubery, the company's founder who quit last February.
Pace, which came to the market last June at 172p, has been in the doldrums for some time. Digital broadcasting, which will lead to the indroduction of hundreds of new TV channels, has been slow to take off around the world, delaying orders for Pace's set top boxes which are used to decode TV pictures.
Mr Rubery departure coincided with a profits warning. Steve Jones, Pace's finance director and co-founder, also resigned in June.
Mr Miller has been at the Japanese computer games manufacturer since 1994, and is to take his post at Pace before the end of the year. He spent 16 years at Amstrad, the computer and electronics company, and became managing director in 1992.
Peter Morgan, chairman of Pace, said: "He has expertise in the fast-moving competitive electronic retailing field and previous experience as managing director of a public company."
Mr Miller, who is 42, has successfully integrated Sega's consumer division, and has been credited with returning it to profit. At Amstrad, Mr Miller was largely responsible for the acquisitions of Viglen and Dancall. David Hood, another co-founder of Pace who had been sharing the chief executive's role with Mr Morgan, will become director of technology.
sportBayern Munich 2 Manchester City 3: City come from two down to beat reigning European Champions
arts + ents... and a chance to paint Booker Prize winning author Hilary Mantel
The ten coldest places on Earth
Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Mountain goats' miraculous escape from avalanche captured in dramatic video footage
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
- < Previous
- Next >
iJobs Money & Business
£45000 - £70000 per annum + Bonus + Benefits: Harrington Starr: Technical Impl...
£65000 - £90000 per annum + Bonus + Benefits: Harrington Starr: Rogue Trading ...
£35000 - £45000 per annum + BONUS + BENEFITS: Harrington Starr: A leading, Cit...
£40000 - £50000 per annum + benefits + bonus: Harrington Starr: Data Analyst -...