PS1 News: CEO of Eidos steps down. - PS1 News

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CEO of Eidos steps down.

  UK publisher Eidos has announced that Charles Cornwall, the company's CEO, has resigned. The former Eidos executive has apparently stepped down to chase other interests, including mining in the U.S. and South Africa. Cornwall is not the first high-ranking executive to depart from Eidos recently. The company's CFO, Jeremy Lewis, also left Eidos the month previous. Cornwall's position has been filled by the company's former COO Michael McGarvey, but Eidos is still restructuring, as Lewis has yet to be replaced.

   "Since his appointment to the Board of Eidos in 1993, Charles Cornwall has made a substantial contribution to the company and has been one of the key architects of its intensive acquisition and investment program," commented McGarvey. He went on, "On behalf of the board, I would like to thank Charles for his contribution and wish him every success in the future."

   In related news, Eidos has also stated that profits for this fiscal year are not predicted to meet the projections of analysts. For explanation, the company has blamed delays for some of their high-profile titles, as well as the technology leap between console generations for slowing down the company's gains.


11/1/2000 Bryan Keers

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