Majesco Entertainment, an innovative publisher of video games for the mass market, today announced that Chris Gray has joined the company as Senior Vice President of Production. In this role, Gray will assume key leadership of product development.
"We are thrilled to have Chris onboard," said Gui Karyo, Executive Vice President of Operations, Majesco Entertainment. "Chris’s proven track record designing and developing great games is perfectly aligned with our goals for the future of our product line; his critical expertise will help ensure we’re publishing a world class portfolio of mass market games."
Gray brings more than 25 years of experience in the games industry, most recently ending his nine year tenure at Electronic Arts where he served as Vice President and Executive Producer of their Hasbro business unit. There, he worked on various products including the top-selling Littlest Pet Shop franchise.
"I am very excited to lead the product development efforts at Majesco," said Chris Gray, Senior Vice President of Production, Majesco Entertainment. "Majesco has carved out a successful business with products targeted to the mass market. My experience aligns well with this focus and will enable me to add immediate value as we plan ahead for 2011 and beyond."
Over the course of his career, Gray has also held production and creative roles at a variety of interactive companies, including Artech Studios and his own studio, Gray Matter Inc. He has worked on popular, award-winning titles, including Harry Potter and the Sorcerer’s Stone, EA’s NASCAR franchise and the video game classic Boulder Dash.
In addition, the Company announced that the Compensation Committee of the Company's Board of Directors granted Gray an inducement grant of 200,000 shares of restricted stock. 100,000 of the shares vest equally over a three year period on the grant date anniversary. The second 100,000 portion vests equally over a three year period beginning on the date of completion of certain objectives agreed to between Gray and the Company. The shares were granted as an inducement material to Gray’s entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).