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Midway Appoints Interim CEO

| 27 Mar 2008 15:18
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Midway Senior Vice President Matthew Booty has temporarily filled the hole left by outgoing CEO David Zucker.

After the abrupt departure of former Chief Executive Officer David Zucker, Midway has anointed Matthew V. Booty as Interim CEO and President. Booty has worked for Midway since 1991, and was most recently Senior Vice President of Worldwide Studios. The board of directors will commence a search for a new CEO and President.

"Dynamic new leadership is needed to bring Midway to its full potential," said Shari Redstone, Chair of the Board. "I believe that Midway has the resources and creative capability to once again be competitive with the best in the videogame business. The Board is confident that a new CEO will be selected who can fully utilize the opportunities presented by this next-generation console cycle to renew Midway s position as a major player in the videogame industry."

Sumner M. Redstone, Chairman of the Board and CEO of National Amusements, the leading shareholder of Midway, commented, "I look forward to helping Midway s Board choose an outstanding new CEO and I am pleased that we already have some highly qualified candidates in mind. Our new leader must have the proven capabilities and track record to lead Midway and to reclaim its place in the forefront of the fast growing videogame industry."

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