Acclaim has announced that cofounder Gregory Fischbach has stepped down from his position as CEO of Acclaim and that Rodney Cousens will take over the position. Fischbach has been a part of Acclaim since it was founded in 1987 and will continue to involve himself with the company as cochairman and member of its board of directors.

　　"During the last five months, I have driven the process for our organization to adopt and implement a new global operating plan that is heavily focused on improving our core business practices, including reducing operating expenses, realigning our brand-driven product development strategy, and managing our position at retail," said Rod Cousens, CEO of Acclaim. "While this is an ongoing process, I believe that we have completed the foundation-building first phase that has set the stage for how we will conduct our business on a daily basis going forward. I will continue to strengthen our management team with leaders that are dedicated to this new structure, who possess the singular end-goal of facilitating our future growth and returning the organization to profitability."