Mad Catz Interactive, Inc. (“Mad Catz” or “Company”) (NYSE MKT/TSX: MCZ) announced today the resignation of William Woodward from the Company’s Board of Directors (“Board”). Mr. Woodward also was a member of the Board’s Audit Committee and a key supporter of the Company’s growth and more sophisticated product mix. Mr. Woodward resigned from the Board for personal reasons and his decision was not the result of any disagreement with the Company or the Board. The Company greatly appreciates Mr. Woodward’s service and contributions as a member of the Board and its Audit Committee over the last seven years and wishes him the very best in his future endeavors.
The Company also announced today the appointment of Scott Guthrie to the Company’s Board and Audit Committee. Mr. Guthrie joins the Board in conjunction with the vacancy created by the resignation of Mr. Woodward. Mr. Guthrie has spent his entire career building consumer-facing businesses and was recently appointed Regional General Manager of the Americas for SodaStream International Ltd., the world’s leading manufacturer and distributor of home beverage carbonation systems. Prior to that, Mr. Guthrie held senior management positions with several global consumer products companies, including: EVP of Paramount Pictures Home Entertainment (a division of Viacom), where he was responsible for the sales and marketing strategies of leading home entertainment brands such as Paramount, Dreamworks, MTV, Nickelodeon, CBS and Showtime; EVP of MTV Games, where he oversaw the global development of the popular Rockband franchise and other leading video games; EVP of Publishing at THQ, a leading developer and publisher of interactive entertainment software; and Head of North American Sales and Distribution in the home entertainment division of The Walt Disney Company. Mr. Guthrie began his career as a Key Account Sales Manager with Colgate-Palmolive before joining PepsiCo as National Accounts Sales Manager in Canada. Mr. Guthrie holds a BA in Business/Economics from Bishops University.