From IGN Xbox:
Majesco today announced they have promoted Steve Race from long-time member of the board to Chief Executive Officer of the company. Race brings 25 years of top-level management to the table, as well as some highly successful outings in previous positions.
During his tenure as President of Sony Computer Entertainment America, he successfully developed and launched the PlayStation in North America — selling over one million units in six months. As CEO of PC games company Microprose, he increased the company’s sales to $100 million in three short years.