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New CEO for Foundation 9 Announced

Foundation 9 Entertainment announced today that James North-Hearn, previously Managing Director of Foundation 9 Europe, is assuming the CEO role at the company, the world's largest independent developer of computer and video games.

Former Chairman and CEO Jon Goldman will serve as non-executive chairman for six months.

North-Hearn brings extensive experience as a top game industry executive to the role, including serving as head of publishing for Infogrames, running legendary UK publisher and developer Gremlin Interactive, and founding F9 studios, Sumo Digital and Sumo India.

"2007 saw F9 deliver great results across a number of fronts," said North-Hearn, "including our dominant performance in the console downloadable space, and our continuing leadership role in creating games for all platforms and genres, from DS to 360 and PS3. 2008 is already shaping up to be an incredibly exciting year for the company, and I can't wait to participate on a global level."

North-Hearn will be relocating to the company's Irvine, California, headquarters.