EA CEO John Riccitiello Steps Down
"We appreciate John's leadership and the many important strategic initiatives he has driven for the Company," Probst said. "We have mutually agreed that this is the right time for a leadership transition."
Riccitiello addressed his departure directly in a blog. "My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year," he said. "It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued to the Street, and we have fallen short of the internal operating plan we set one year ago. And for that, I am 100 percent accountable."
EA's earnings have been on the decline, and the company recently faced numerous layoffs as well.
In a press release statement, Riccitiello said, ""EA is an outstanding company with creative and talented employees, and it has been an honor to serve as the Company's CEO. I am proud of what we have accomplished together, and after six years I feel it is the right time for me pass the baton and let new leadership take the Company into its next phase of innovation and growth. I remain very optimistic about EA's future — there is a world class team driving the Company's transition to the next generation of game consoles."
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Related Forum: Gaming Discussion
Source: http://www.ign.com/articles/2013/03/18/ea-ceo-john-riccitiello-steps-down
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Comments
PGAPosted:
SoulfulMeghan How where they losing money?
They weren't getting as much as they expected.
Hopefully their next game brings their sales back up.
NotedPosted:
Affectx Well that some interesting news. I wonder I handy new EA game will be different without him.
Yeah, I hope there games stay the same or get better
CearnsyPosted:
SoulfulMeghan How where they losing money?
They weren't getting as much as they expected.
Can't blame them they need to suit some of there games out
AffectxPosted:
Well that some interesting news. I wonder I handy new EA game will be different without him.
HallPosted:
ViceDSRYikes Well that really sucks :/
I know, how did this happen! It not going to be the same without him.
Im sure it will be ok, they will find another CEO and it may even turn out better.
Ya, they'll easily find someone new
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