Majesco CFO to step down this month

John Gross, Majesco Entertainment's executive vice president and chief financial officer has resigned from his position to take a new job, effective August 20, 2010.

Senior vice president, corporate controller and chief accounting officer Michael Vesey will serve as acting CFO once the resignation takes effect.

"John has provided strong financial leadership to the company for the last five years, effectively managing the balance sheet, reducing operating costs and helping guide us towards improved profitability," said Majesco CEO Jesse Sutton.

"He's done a great job representing the Company and we thank him for his service. Mike has worked closely with John and will have an easy transition to his role as Interim CFO."

Majesco's publishing properties include Cooking Mama and Jillian Michaels' Fitness Ultimatum.