EA CEO John Riccitiello Steps Down

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Electronic Arts' John Riccitiello is stepping down as chief executive officer. He submitted his resignation to EA's board of directors today. Effective March 30, former EA president and CEO Larry Probst will step in as executive chairman while the company searches for a replacement.

"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

Comments

"EA CEO John Riccitiello Steps Down" :: Login/Create an Account :: 153 comments

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EulerPosted:

Smurfs
TTG_Negative i cant belive this he was good at his job but atleast now we will hopefully get someone with a creative mind


Yeah, I hope so too.


His shoes will not be filled easily, that much is obvious.

EulerPosted:

RTE
Euler
Woobie
Relations
Leak This sucks.
He was a good ceo.


I didn't really see him around the news, to be honest i've never heard from him..


That's because he wasn't a community manager.


Yeah he didn't put himself in the spotlight.


But he really did help EA a lot ;)


Yeah he did, it is sad to see him go

IlIuminatiPosted:

Euler
Woobie
Relations
Leak This sucks.
He was a good ceo.


I didn't really see him around the news, to be honest i've never heard from him..


That's because he wasn't a community manager.


Yeah he didn't put himself in the spotlight.


But he really did help EA a lot ;)

EulerPosted:

Woobie
Relations
Leak This sucks.
He was a good ceo.


I didn't really see him around the news, to be honest i've never heard from him..


That's because he wasn't a community manager.


Yeah he didn't put himself in the spotlight.

EulerPosted:

Smurfs
Maya
TTG_Negative
Drumstep
TTG_Negative i cant belive this he was good at his job but atleast now we will hopefully get someone with a creative mind


he quit because he was losing money


of course he was loosing money when you only make a game every 2 years what do you expect


LMFAO i agree.


Yeah, I wish they made more games every year.


Yeah me too, like at least once a year?

EulerPosted:

Toy_Soldier He was awesome! Sad to see him leave :'(


I am too as it goes, i'm nof sure where EA will go from.here

PGAPosted:

I wonder what this means for EA's future.

Toy_SoldierPosted:

He was awesome! Sad to see him leave :'(

KelcyPosted:

he was a good CEO sad to see him go

SmurfsPosted:

Maya
TTG_Negative
Drumstep
TTG_Negative i cant belive this he was good at his job but atleast now we will hopefully get someone with a creative mind


he quit because he was losing money


of course he was loosing money when you only make a game every 2 years what do you expect


LMFAO i agree.


Yeah, I wish they made more games every year.