THQ has named Paul Pucino as its new chief financial officer and executive vice president.

Pucino takes up his new role after THQ posted poor financial results and will lead the publisher as it attempts to reduces its costs by $220 million. He replaces Colin Slade, who is indefinite medical leave.

Brian Farrell, president of THQ, said: “Paul’s strong financial leadership, corporate strategy expertise and deep experience with technology companies will be invaluable as we execute on our recently announced strategic plan and business realignment actions.:

Pucino has previously worked as executive vice president and chief financial officer of Classmates Media, and financial executive of Digital Insight.

Puchino said: “THQ has strong franchises and a solid strategy. I look forward to working with Brian and the rest of THQ’s management team to implement the necessary changes to improve THQ’s competitive position and profitability.”