Exec has much experience in industry
Brian Dougherty, who founded interactive TV pioneer Wink Communications and recently sold to Liberty Media, has joined the board of THQ.Dougherty’s vidgame roots are deep: his company Imagic was an early game creator bought by Activision in 1984, not long after he founded Geoworks, a software consultant that made games and went public in 1993. He founded Wink in 1995, and was chairman and chief technology officer when he sold the company earlier this year. “Mr. Dougherty’s experience is unparalleled in this industry,” said THQ prexy Brian J. Farrell. “His knowledge and insight into the videogame industry will make him an invaluable asset to THQ as we compete for a larger segment of the market.” THQ is one of the largest independent vidgame publishers, and recently reported record earnings and revenues for the third quarter. But the company’s stock price was hit hard after it lowered earnings guidance because of concerns about sales of the Nintendo GameCube and Microsoft Xbox vidgame consoles, followed by the unexpected, largely unexplained departure of its No. 2 executive, Jeff Lapin. The company’s stock closed up 57¢, or 3.6% , for the day at $16.32 per share.