The Electronic Software Association (ESA) has announced that after 12 years of service, founding president Douglas Lowenstein will be resigning in early 2007 in order to found a new trade association in the investment industry. The ESA will begin a search for a replacement immediately.
"I have been honored to represent the amazing companies of the ESA, to serve as their advocate and to be part of an industry which is having such a profound and positive effect on our culture and the world of entertainment," Mr. Lowenstein said. "Like our industry, the ESA has grown and matured and is now stronger and more robust than ever before. The future of video games and its trade association is very bright indeed."" - ESA press release
I'd be willing to bet even money that somewhere along the way, Jack Thompson tries to say that he was somehow responsible for Lowenstein resigning.
Click here for the full text of the press release.