Feeds

Infinium CEO quits after 14 weeks

Bachus bails

Website security in corporate America

Kevin Bachus, the ex-Microsoft Xbox chief who took charge of online games service Infinium Labs in August, has quit the company after barely three months on the job.

Stepping in to fill the now-vacant CEO post is Greg Koler, who was head of Infinium's European operations. Koler is now Interim CEO. He's also the company's CFO and President. He may even be the guy who makes the tea, too.

"The Company plans to enter into a definitive employment agreement with Mr. Koler in the immediate future," the firm's latest filing with the US Securities and Exchange Commission (SEC) notes.

Bachus assumed the hot-seat on 15 August after company founder and CEO Tim Roberts stepped down to become chairman of the board. Bachus originally joined Infinium in January 2004 as President. He resigned both positions, plus that of acting CFO, on 17 November.

Infinium said simply Bachus quit "to pursue other opportunities".

When The Register spoke to him in September, Bachus said his immediate goals were to put the company's "house in order" - to put a more formal corporate structure in place and make the business a more attractive proposition for investors.

It's not clear how successful Bachus' efforts to find funding have been. Certainly, Infinium didn't address that aspect of his role directly today. Koler said that Bacchus' efforts had "helped put our operational planning on track and has helped create awareness for the company in the industry".

Bachus' industry connections may well have encouraged it to consider Infinium and its proposed Phantom games console and broadband content delivery service a more serious player than before. But it remains the case that delays have caused observers to wonder whether the much-hyped system will ever see light of day.

Phantom was first scheduled to ship late 2003, then in November 2004. After that launch was delayed, Infinium stopped mentioning launch schedules in public. All Bachus would say when we asked him was "sooner rather than later". ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.