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."
Posted:
Related Forum: Gaming Discussion
Source: http://www.ign.com/articles/2013/03/18/ea-ceo-john-riccitiello-steps-down
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Comments
3OH3Posted:
Good. The past couple releases from EA have caused me to lose all respect for them. They pull stupid shit like day 1 DLC, on disk DLC, a bunch of microtransactions, game breaking bugs that aren't addressed, the fact that they ruined multiple games with potential, the worst customer service I've ever talked to, completely unreasonable DRM, and more... They may have made some okay games but they completely suck as a company.
SynybunPosted:
Axe If you can't take the heat, then get out of the kitchen.
Looks like that is what he is doing.
ResurectionPosted:
Teh-Pinkie_Pie- noo i love EA.. why why why
don't worry they are still successful
Yeh they still will be..
ZeffPosted:
Soulful-Pinkie_Pie- noo i love EA.. why why why
I'm a fan of EA, but honestly that's pathetic of him.
It's agreed I thought the same thing.
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