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Midway's Executive Vice President Resigns

by Rainier on Jan. 14, 2008 @ 7:51 p.m. PST

Midway announced that Thomas E. Powell, its executive vice president, chief financial officer, and treasurer, has resigned to take a position with another firm, and has appointed Ryan O'Desky, vice president – finance, controller, and assistant treasurer, as interim chief financial officer until it finds a permanent replacement.

On the marketing side, Mona Hamilton and Lee Jacobson will assume expanded roles within Midway’s marketing organization. Ms. Hamilton, vice president – marketing for Midway Home Entertainment, will take on responsibility for all marketing activities throughout the North American region, including brand management, product marketing, creative services, and public relations. Mr. Jacobson, vice president – product acquisition and business development for Midway Home Entertainment, will expand his current business development responsibilities to include licensing and in-game advertising, as well as third-party developer relations. Steve Allison, senior vice president – marketing and chief marketing officer, will be leaving the Company, and will remain with Midway in an advisory role until March 31, 2008.

Ms. Hamilton, with more than 10 years experience in marketing roles throughout the consumer entertainment industry, came to Midway in 2003 from Ubisoft. Mr. Jacobson came to Midway in 1998 and has over 20 years experience in the industry in all aspects of the video game lifecycle.

David F. Zucker, president and chief executive officer, commented, “Midway has a deep and experienced management team, and Mona, Lee and Ryan will be instrumental in moving Midway forward into 2008 and beyond. We thank both Tom and Steve for their contributions to Midway and we wish them continued success in their future endeavors.”

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