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Take-Two CFO steps down amid investigation

Jennifer Guevin Former Managing Editor / Reviews
Jennifer Guevin was a managing editor at CNET, overseeing the ever-helpful How To section, special packages and front-page programming. As a writer, she gravitated toward science, quirky geek culture stories, robots and food. In real life, she mostly just gravitates toward food.
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Jennifer Guevin

Take-Two Interactive Software, publisher of the Grand Theft Auto game franchise, announced Monday that company Chief Financial Officer Karl Winters has resigned, effective immediately.

Winters' resignation comes at a tumultuous time for the company, whose shareholders ousted former CEO Paul Eibeler and three directors, claiming they were at the center of a stock options backdating scandal. Take-Two announced last week it had received a letter from the Securities and Exchange Commission saying it is under formal investigation for its stock-options practices.

Take Two's senior vice president of finance, Lainie Goldstein, will serve as interim CFO until a permanent replacement is named, the company said in a statement. Goldstein has been with the company since late 2003.