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.
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 Chelsea victory parade: Chelsea mocked on Twitter as 'tens of fans' pack the streets of London
- 3 US warned by Chinese media to stop meddling or 'war will be inevitable'
- 4 Woman, 21, dies after taking contraceptive pill that 'caused fatal blood clot'
- 5 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
US warned by Chinese media to stop meddling or 'war will be inevitable'
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...