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Ron Moravek Joins THQ as Executive Vice President, Production

Appointment Underscores Company’s Commitment to Create High-Quality, Innovative Games, and Adds Talent to the New Executive Team

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Jul. 23, 2012-- THQ Inc. (NASDAQ: THQI) today announced Ron Moravek has been appointed Executive Vice President, Production reporting directly to THQ President, Jason Rubin. Moravek joins THQ’s management team as the company is moving quickly to embrace new strategic business models, digitally connected experiences, and a more focused, high-quality game slate.

Moravek has over 14 years of experience in the videogame industry as both a creative development executive and business entrepreneur. Moravek co-founded and was COO of Relic Entertainment where he was a key member of the executive team that negotiated the sale of the studio to THQ in 2004, and served as the studio’s general manager until 2006. Over the next several years Moravek was VP and COO of Electronic Arts, Canada and co-founded and ran two different software companies. Most recently, Moravek served as a senior advisor to NuCaptcha, a cloud-based internet security platform, where he was responsible for developing the go-to-market and business growth strategy for their enterprise platform.

“Ron is an exceptional development executive with unique perspective on the industry from both a creative and business point of view,” said Rubin. “His entrepreneurial experience as well as his ability to drive dynamic teams is a great fit for our strategic objectives. Additionally, Ron’s experience building high-quality products will help us continue to deliver great games and build upon our foundation to innovate digitally in the future.”

“I am thrilled to be re-joining THQ and to be working with Jason and the development teams around the world to deliver high-quality games and digitally connected experiences,” said Moravek. “There are many exciting changes affecting the videogame industry today, and I look forward to building new games and experiences with Jason and the team at THQ.”

Moravek holds a Bachelor of Arts degree in Liberal Arts and Sciences/Liberal Studies from Wilfrid Laurier University.

About THQ

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, wireless devices and the Internet. 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 http://www.thq.com/.

THQ Inc. Caution Concerning Forward-Looking Statements

This press release contains statements that are 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 statements regarding the company’s future business goals and expectations and future video game line-up. These statements 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 Annual Report on Form 10-K for the fiscal period ended March 31, 2012, and particularly the discussion of trends and 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.

Source: THQ Inc.

THQ Investor Relations
Lisa Mueller, 818-871-5125
or
THQ Corporate Communications
Angela Emery, 818-871-8650


 
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