THQ Inc. (NASDAQ: THQI) today announced Ron Moravek has been appointed Executive Vice President, Production reporting directly to THQ President, Jason Rubin. Moravek joins THQ’s management team as the company is moving quickly to embrace new strategic business models, digitally connected experiences, and a more focused, high-quality game slate. Moravek has over 14 years of experience in the videogame industry as both a creative development executive and business entrepreneur. Moravek co-founded and was COO of Relic Entertainment where he was a key member of the executive team that negotiated the sale of the studio to THQ in 2004, and served as the studio’s general manager until 2006. Over the next several years Moravek was VP and COO of Electronic Arts, Canada and co-founded and ran two different software companies. Most recently, Moravek served as a senior advisor to NuCaptcha, a cloud-based internet security platform, where he was responsible for developing the go-to-market and business growth strategy for their enterprise platform. “Ron is an exceptional development executive with unique perspective on the industry from both a creative and business point of view,” said Rubin. “His entrepreneurial experience as well as his ability to drive dynamic teams is a great fit for our strategic objectives. Additionally, Ron’s experience building high-quality products will help us continue to deliver great games and build upon our foundation to innovate digitally in the future.” “I am thrilled to be re-joining THQ and to be working with Jason and the development teams around the world to deliver high-quality games and digitally connected experiences,” said Moravek. “There are many exciting changes affecting the videogame industry today, and I look forward to building new games and experiences with Jason and the team at THQ.” Moravek holds a Bachelor of Arts degree in Liberal Arts and Sciences/Liberal Studies from Wilfrid Laurier University.
Shares of THQ (Nasdaq:THQI) were gapping down Wednesday morning with an open price 10.3% lower than Tuesday's closing price. The stock closed at 68 cents yesterday and opened today's trading at 61 cents.
Shares of THQ (Nasdaq:THQI) were gapping down Friday morning with an open price 22.4% lower than Thursday's closing price. The stock closed at 76 cents yesterday and opened today's trading at 59 cents.