Atari CEO Resigns, Company to Cease Game Development

Troubled gaming icon Atari had two blockbuster announcements today according to Game Daily:

• Atari CEO David Pierce announced his resignation with Curtis G. Solsvig III, Chief Restructuring Officer, appointed as interim CEO.
• Amidst concerns about the company's lack of funds and ability to continue its business, Atari officials announced today that the publisher will "re-focus its operations on publishing and distribution in North America, completing its withdrawal from the production business." According to the release, Atari's operations going forward "will involve title acquisition, sales and marketing, and physical distribution of products from [Infogrames] IESA, its 51% shareholder, and other selected partners."

The Game Daily article has more on the announcements along with links to previous articles.