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Glu president and CEO resigns

Mobile games firm Glu has been dealt a blow with the news that president and CEO Greg Ballard has resigned, though the exec will remain at his post until a successor can be appointed.

"After six years, I have decided the timing is right to look for a new challenge," Ballard stated. "I'm incredibly proud of how much we accomplished during my tenure, having built what I believe to be a world-class global enterprise.

"The Glu board and I also share the view that this is a good time to bring in new leadership for the company, as we focus on returning to generating positive cash and begin even greater investment in next-generation mobile platforms."

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