PS2 News: Cofounder of Acclaim Steps Down - PS2 News

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Cofounder of Acclaim Steps Down

   Acclaim announced recently that cofounder Gregory Fischbach has resigned from his position as CEO of Acclaim. Rodney Cousens will assume the position, although Fischbach will remain a cochairman and member of its board of directors. Fischbach has been with Acclaim since it was founded in 1987 and is quite respected amongst others.

   "During the last five months, I have driven the process for our organization to adopt and implement a new global operating plan that is heavily focused on improving our core business practices, including reducing operating expenses, realigning our brand-driven product development strategy, and managing our position at retail," said Rod Cousens, CEO of Acclaim. "While this is an ongoing process, I believe that we have completed the foundation-building first phase that has set the stage for how we will conduct our business on a daily basis going forward. I will continue to strengthen our management team with leaders that are dedicated to this new structure, who possess the singular end-goal of facilitating our future growth and returning the organization to profitability."

6/3/2003 Matt Stensrud

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