The stock had fallen 90 percent in the 12 months before today, making it the second-worst performer on the FTSE All-Share index after Northern Rock Plc.According to a story by Dan Sabbagh in the Times Online,
Jane Cavanagh, chief executive of SCi Entertainment, and Bill Ennis and Rob Murray, the two divisional managing directors, have all left "with immediate effect". Shares in the company rose by 33.8 per cent, or 16¼p, to 64¼p.Cavanagh will be replaced by Phil Rogers, group chief financial officer who joined the company last March. He will begin an emergency "business review". Ironically, Sci's problems come at a time when most companies in the field have been performing rather well. The management changes at Sci are a positive change, the question remains, can the firm save itself with a sale or some other arrangement?
Stay tuned:
For more:
Gamasutra
VNUNET.com
The Press Association
The Guardian
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