Feder has announced plans to resign his post at Take-Two Interactive Software on Jan. 1, 2011. Chairman Strauss Zelnick will assume his duties.
Rather than hopping to another company or industry, Feder says he plans to travel in Asia with his family before making other moves. And while he won’t be directly involved with the company, he’ll still have ties as a partner in ZelnickMedia, the investment firm that owns a sizable stake of the company.
Over the past four years under Feder’s leadership, Take-Two has emerged from the legal troubles with the SEC that threatened to overwhelm the company, diversified its portfolio and manage to turn a profit in a non “Grand Theft Auto” year.