Majesco appoints Jesse Sutton as new interim CEO

The board of directors for Majesco Entertainment has appointed Jesse Sutton as the company's interim CEO and chairman of the board - positions previously held by his father, Morris Sutton.

Jesse Sutton, who has held the title of president at the company for the past 10 years, commented: "As Interim CEO I will continue to execute on our goal of becoming a leading publisher of value and handheld products.

"Additionally, I will endeavour to guide Majesco into its next phase of growth by exploring new avenues in the digital entertainment market."

Morris Sutton will return to his role as chairman emeritus, and will focus on sales and distribution.

The move is unlikely to please shareholder group Trinad, which back in March offered to purchase 2 million extra shares in Majesco on condition that a "more independent" board was appointed.

Trinad claimed that Morris Sutton and his sons were conspiring to improve their family's finances at the expense of the company. The Suttons refuted the allegations, and rejected Trinad's offer.

Majesco has now moved away from the full-price software market, selling off its assets and focusing on budget titles instead.