Take-Two CFO steps down amid investigation

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.

 

ARTICLE DISCUSSION

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

Hot on CNET

CNET's giving away a 3D printer

Enter for a chance to win* the MakerBot Replicator 3D Printer and all the supplies you need to get started.