Midway Promotes Pair of Executives

Miguel Iribarren and Martin Spiess rise in the publishing and international divisions of Midway.

Midway Games Inc. announced that Miguel Iribarren has been promoted to Senior Vice President of Publishing at Midway Games Inc., and that Martin Spiess has been promoted to the position of Executive Vice President of International at Midway Games Ltd., Midway Games Inc. subsidiary.

Mr. Iribarren, who joined Midway in 2002, recently served as Vice President – Publishing, and will now have the worldwide sales, marketing, publishing and business development functions report to him. Prior to joining Midway, Mr. Iribarren was a Vice President, Research for Wedbush Morgan Securities, responsible for research on the interactive entertainment industry.

Mr. Spiess has worked in the interactive entertainment industry for 20 years, and previously held senior positions with Atari, Crave Entertainment and Virgin Interactive Entertainment, and joined Midway as Managing Director – Europe for Midway Games Ltd. in 2005. Under his leadership, European business has almost doubled in value to the group. During this time, Mr. Spiess also established an additional European office in Paris to work with U.K. and German infrastructure in further developing pan-European channels.

“Both Miguel and Martin are proven executives and will be key to putting Midway back on the path to profitability,” said Matt Booty, interim Chief Executive Officer and president of Midway Games Inc. “With these two executives, as well as the rest of our experienced management team, I am confident that we can improve execution and deliver on Midway’s promise to regain its industry leadership and become a top tier, profitable company in the coming years.”