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THQ Finance Chief Resigns

Edward Zinser steps down by 'mutual agreement.'



holiday season seems to have gotten off to a poor start.

The video-game publisher announced late Monday that Chief Financial Officer Edward Zinser has stepped down, effective immediately, for undisclosed reasons.

Zinser, who is also the executive vice president, resigned by "mutual agreement", said THQ.

The news of Zinser's departure comes as the company looks poised to miss the boat on holiday sales this year. Video games, consoles and accessories are considered the hottest online retail category this year, with sales up 134% from last year, according to a ComScore report.

But without any big releases this quarter, THQ is

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unlikely to see many holiday dollars come its way.

Shares of THQ closed down $1.30, or 5.2%, to $23.86. The stock was up 44 cents, or 1.8%, to $24.30 in recent after-hours trading.

"Zinser's resignation is in no way related to the financial condition, results of operations or future prospects of THQ," THQ said in a statement. "As a result, the company intends to make no further comment on the circumstances resulting in the resignation."

THQ said it has appointed Rasmus van der Colff, vice president and controller, as interim chief financial officer and has initiated a search for a permanent replacement for Zinser.

Zinser had joined THQ in 2004 from

Vivendi Universal Games

, where he was the CFO.