Glu Mobile CEO Ballard resigns

Mobile games publisher Glu Mobile announced the pending resignation of president and CEO Greg Ballard. According to Glu, the firm has retained executive recruiting firm Egon Zehnder to identify new candidates for the post, with Ballard remaining in his current role until a successor is in place. Ballard joined Glu Mobile six years ago--he previously served as CEO and COO for Warner Custom Music, a unit of Time Warner, and was also president of Capcom Software. Late last year, when Glu announced plans to reduce headcount while slashing total annualized non-GAAP operating expenses by about $13 million, Ballard said he would ask the company's board to reduce his salary by 25 percent.   

For more on Ballard's resignation:
- read this release

Related articles:
Glu Mobile's Glyder takes off on iPhone
Glu Mobile outlines first-quarter games lineup
Glu inks gaming deal with Sony Pictures Television