Following his departure from the position of president of the Entertainment Software Association, Doug Lowenstein will head up the new Private Equity Council (PEC).
The Washington D.C.-based organization will act as a resource and advocate for private equity, and falls outside of the videogame industry. Lowenstein will act as president and CEO beginning in February.
The ESA officially announced last month that Lowenstein would be leaving the organization in early 2007 after 12 years. A search for a replacement is underway.
Lowenstein joined what was formerly known as the Interactive Digital Software Association in 1994.