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Majesco CFO John Gross resigns

Retail Editor 2 -- Gifts and Dec, 8/2/2010 10:12:46 AM

EDISON, N.J. - John Gross has resigned his position as executive vice president and chief financial officer of video game publisher Majesco Entertainment Company, to accept another position effective Aug. 20.
Michael Vesey, Majesco's senior vice president, corporate controller and chief accounting officer will serve as interim chief financial officer upon Gross' departure.
Vesey joined Majesco in May 2006. Prior to that, he was CFO at Nuvim, Inc., a maker of dietary supplement beverages. His experience includes over 20 years of senior financial management positions in the software and wireless industries. He is a certified public accountant and holds a BBA from Pace University.
"John has provided strong financial leadership to the company for the last five years, effectively managing the balance sheet, reducing operating costs and helping guide us towards improved profitability," said Jesse Sutton, Majesco's CEO and a member of the board of directors.
"He's done a great job representing the company and we thank him for his service. Mike has worked closely with John and will have an easy transition to his role as Interim CFO," Sutton concluded.
"We have worked as a management team to put an operating plan in place to continue to improve the performance of the Company and grow profitability. I wish the company and the management team all the best in the future," said Gross.

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