Leadership changes underway at Take-Two

Things are changing at Take-Two; CEO Ben Feder is stepping down. Taking his place is company chairman Strauss Zelnick, while Take-Two veteran Karl Slatoff will become their first Chief Operating Officer.

Feder will remain head honcho for the rest of the year, with all of these changes taking place on January 1.

Based on company statements, Feder’s departure is an amicable one. After leaving the company in its “strongest financial and operational condition in its history,” Feder is leaving to “honor certain commitments that I have made to my family.”