Key Executives Promoted to Lead Three Primary Business Units: 1) Core Games; 2) Kids, Family and Casual Games; and 3) Online
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Jun. 24, 2009--
THQ Inc. (NASDAQ: THQI) today announced a reorganization of the
company’s management team and business units in support of THQ’s focused
product strategy. In order to more directly align the organization with
its previously announced strategy, THQ has formed three new business
units: 1) Core Games; 2) Kids, Family and Casual Games; and 3) Online,
and has promoted key executives to manage each of these units. Each unit
manager will report directly to THQ President and CEO Brian Farrell.
Danny Bilson has been promoted to executive vice president, Core Games.
Doug Clemmer has been promoted to executive vice president, Kids, Family
and Casual Games and Steve Dauterman has been promoted to senior vice
president, Online. In addition, Ian Curran has been promoted to
executive vice president, Global Publishing and will oversee worldwide
revenue for THQ.
“The new structure specifically aligns our primary business units with
our product strategy, enabling each team to focus on planning and
execution in highly defined product areas with full profit and loss
responsibility,” said Brian Farrell, president and CEO, THQ. “I look
forward to working directly with Danny, Doug, Steve and Ian to execute
on our focused strategic plan.”
As executive vice president, Core Games, Bilson will oversee production
and marketing across THQ’s core gaming product portfolio, which includes
action, shooter, strategy, racing and fighting games.
“I see this as a tremendous opportunity to build a portfolio of owned
franchises for THQ,” said Danny Bilson, executive vice president, THQ
Core Games. “We have an exciting pipeline of games, including Darksiders
and MX vs. ATV Reflex, which are scheduled for release this fiscal year,
and Homefront and Warhammer 40,000 Space Marine, which were recently
unveiled at the E3 trade show and are scheduled for release next fiscal
“By managing core games as a comprehensive business unit, my team can
leverage our creative, development and marketing talents to deliver hit
titles that resonate with our discriminating audience.”
Most recently, Bilson served as senior vice president of creative
development for THQ. He brings to his new role more than 20 years of
writing, directing and creative development experience for all major
entertainment media, including video games, film, television and comic
books. Prior to joining THQ, he served as vice president of intellectual
property development and creative director for Electronic Arts’
worldwide studios, where he played a key creative role in The Sims™,
Medal of Honor™ and Harry Potter™ franchises, among others.
Kids, Family and Casual Games
Doug Clemmer has been promoted to executive vice president of Kids,
Family and Casual Games, which includes console, PC and wireless games
targeted to mass market and family gamers. Clemmer will oversee
production and marketing across THQ’s family and casual gaming product
“For many years, THQ has delivered great family entertainment and my
team understands the unique needs of this growing market segment,” said
Doug Clemmer, executive vice president, THQ Kids, Family and Casual
Games. “Gaming platforms such as the Nintendo Wii and Microsoft’s
recently announced ‘Project Natal’ are changing the way families play
together and we are excited to develop gaming experiences that take full
advantage of these platforms. Our strong portfolio includes original
games such as Drawn to Life: The Next Chapter and World of Zoo, and
games based on leading entertainment brands such as Marvel Super Hero
Squad, Disney●Pixar’s Cars Race O’Rama, NBC’s The Biggest Loser and
James Patterson’s Women’s Murder Club.”
Most recently, Doug Clemmer was a senior vice president and managed
THQ’s ValuSoft casual games business and THQ Wireless. He joined THQ in
2002 after the company acquired his value-priced game publishing
Steve Dauterman has been named senior vice president, Online. Dauterman
will oversee all online initiatives and will also assist the business
unit leaders in achieving their online objectives. Dauterman most
recently served as senior vice president of product development in Asia
Pacific and will continue to work from THQ’s Asia Pacific headquarters.
“We view the online gaming space worldwide as an important driver of
THQ’s long-term growth. Our strategy is to leverage our established
brands such as Company of Heroes, Warhammer 40,000 and WWE into the
dedicated online space. We will also be exploring new game concepts and
new business models in emerging regions,” said Steve Dauterman, senior
vice president, THQ Online. “My team will also work with our Core and
Kids, Family and Casual gaming units to help make connectivity a part of
their gaming experiences.”
Global Sales and Publishing
THQ also announced the promotion of Ian Curran from executive vice
president, International to executive vice president, Global Publishing.
Reporting directly to President and CEO Brian Farrell, Curran’s
responsibilities include sales, distribution and channel and territory
marketing for countries worldwide.
Under Curran’s leadership, THQ’s international sales have more than
doubled and he has overseen the expansion of THQ’s global operations to
include 15 direct sales and marketing locations outside of the Americas.
Curran brings more than 15 years of publishing experience to his new
position, including sales roles at leading media companies such as Time
About THQ Inc.
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher
of interactive entertainment software. The company develops its products
for all popular game systems, personal computers and wireless devices.
Headquartered in Los Angeles County, California, THQ sells product
through its global network of offices located throughout North America,
Europe and Asia Pacific. More information about THQ and its products may
be found at www.thq.com.
THQ, Company of Heroes, Darksiders, Drawn to Life: The Next Chapter,
Homefront, MX vs. ATV Reflex, World of Zoo and the THQ logo are
trademarks and/or registered trademarks of THQ Inc.
Wii is a registered trademark of Nintendo.
The statements contained in this press release that are not
historical facts may be “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations, estimates
and projections about the business of THQ Inc. and its subsidiaries
(collectively referred to as “THQ”), including, but not limited to,
expectations and projections related to the company’s management team
and business strategies, and are based upon management’s current beliefs
and certain assumptions made by management. Such forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed or implied by
such forward-looking statements, including, but not limited to,
business, competitive, economic, legal, political and technological
factors affecting our industry, operations, markets, products or
pricing. Readers should carefully review the risk factors and the
information that could materially affect THQ’s financial results,
described in other documents that THQ files from time to time with the
Securities and Exchange Commission, including its Quarterly Reports on
Form 10-Q and Annual Report on Form 10-K for the fiscal period ended
March 31, 2009, and particularly the discussion of risk factors set
forth therein. Unless otherwise required by law, THQ disclaims any
obligation to update its view on any such risks or uncertainties or to
revise or publicly release the results of any revision to these
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date of this press release.
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Source: THQ Inc.
Communications and Investor Relations