Electronic Arts CEO resigns

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Electronic Arts CEO resigns

Postby thepittman on Mon Mar 18, 2013 4:46 pm

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http://www.joystiq.com/2013/03/18/ea-ce ... o-resigns/

Electronic Arts CEO John Riccitiello has submitted his resignation to EA's board of directors. His final day will be March 30, the close of the company's fiscal year.

"The Board will immediately initiate a search and both internal and external candidates will be considered for the CEO position," wrote EA board chairman Larry Probst in a public statement.

"Our business is built on more than a dozen powerful, globally recognized brands," Probst continued. "We are clear leaders in the fastest growing category in games – mobile – and we are positioned to lead on the next generation of consoles. Most importantly we have deep reserves of talent – new faces and industry veterans who form the core of EA's leadership."

Riccitiello's departure letter noted that while the company has made progress in quality and digital products, the company's financial performance is tracking below set expectations.

The company's public image also isn't tracking very well. We're still in the midst of the SimCity debacle, but that's only the latest in a string of high-profile failures that required great spin by the publisher. The very expensive MMO Star Wars: The Old Republic went free-to-play after not catching on, while management issues have caused the company to not produce an NBA title three years running.

...developing...
Last edited by thepittman on Mon Mar 18, 2013 4:52 pm, edited 1 time in total.
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Re: Electronic Arts CEO resigns

Postby Rylan on Mon Mar 18, 2013 4:52 pm

HOORAY!!!!!!!! Maybe EA won't continue being a failure in terms of quality.
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Re: Electronic Arts CEO resigns

Postby Digitalgypsy66 on Mon Mar 18, 2013 6:05 pm

Very interesting.

I'm assuming this has a lot to do with financial failures of EA, not necessarily the SimCity debacle. I'm on the iPad, so I can't track the stocks on Google Finance, but their stock took a hit the day after the SimCity release and bigger hit today (and overnight trading?) after his announcement.

Maybe the next guy will give us PC players the NHL franchise back. :pop:
Last edited by Digitalgypsy66 on Mon Mar 18, 2013 8:39 pm, edited 1 time in total.
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Re: Electronic Arts CEO resigns

Postby thepittman on Mon Mar 18, 2013 7:51 pm

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Re: Electronic Arts CEO resigns

Postby ulf on Tue Mar 19, 2013 10:34 pm

Hey new guy, bring MVP baseball back
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