More Articles on Tomb Raider: Underworld
Cavanagh Out As SCi Restructures News
Jon Wilcox
18/01/2008

The 'First Lady' of Britsoft departs the company she founded as SCi Entertainment begins life without Cavanagh...
Following a cataclysmic drop in share price in recent days, SCi Entertainment has today announced that Jane Cavanagh, CEO and founder of the company back in 1988, has left the publisher. Cavanagh isn't alone in leaving the outfit however, as both Managing Director of Studios Rob Murphy and Managing Director of Publishing Bill Ennis have also departed.
Shares in SCi, which is currently listed on the FTSE 250, dropped to record lows of 45p in the last couple of days from highs of 524p a share just twelve months ago.
The freefall began following the board at SCi Entertainment announcing that they were no longer looking for a buyout of the firm, and was compounded with news that Tomb Raider: Underworld had been pushed back from a summer release to a Christmas release.
Global Chief Financial Officer Phil Rogers has taken over as CEO, with North American CFO Malcolm Dunne replacing Rogers in the global position. Following the news, shares in SCi Entertainment has bounced up to 65.50p.






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