Atari suffers as chief quits
Major doubts were cast over the running of European games publisher Atari this week, with CEO and president James Caparro resigning after just seven months in the post. Former top dog, the outspoken Bruno Bonnell, will temporarily fill-in his previous role. Caparro comes from a music industry background, but Atari may opt to look closer to home for his long-term replacement. Some 22% was wiped-off the value of Atari following the announcement to the stock exchange, the shock departure clearly hitting confidence in the firm; formerly known as Infogrames. The news is said to have shocked the PLC's board too, with Bonnell reportedly confirming he was only told a week previously of the imminent departure.
Caparro leaves Atari to return the company he started, Entertainment Distribution Corp, which was recently purchased by Universal Music, who have offered the former head a huge salary and other bonuses to return to the firm. During his tenure, Caparro cut costs - and losses at Atari - with the closure of several development studios and restructuring of the firm's management. More on Atari soon.