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DirtyLarry

EA CEO John Riccitiello stepping down

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Source: Kotaku

John Riccitiello, CEO of game publisher Electronic Arts, is stepping down.

Former EA CEO and board chairman Larry Probst will take over while the board searches for a new replacement.

Here's the press release:

REDWOOD CITY, Calif.?(BUSINESS WIRE)? Electronic Arts Inc. (NASDAQ: EA) today announced that John Riccitiello will step down as Chief Executive Officer and as a member of the Board of Directors, effective March 30. The Board has appointed Larry Probst as Executive Chairman to ensure a smooth transition and to lead EA's executive team while the Board conducts a search for a permanent CEO. The Board will consider internal and external candidates with the assistance of a leading executive search firm.

Mr. Probst has played a leadership role at EA since 1991. In addition to serving as Chairman of the Board since 1994, he previously served as the Company's CEO from 1991 to 2007. As CEO, Probst successfully grew the Company's annual revenues from $175 million to approximately $3 billion, led EA into new platforms such as mobile, online and other emerging markets and expanded its international presence to more than 75 countries.

"We thank John for his contributions to EA since he was appointed CEO in 2007, especially the passion, dedication and energy he brought to the Company every single day," said Mr. Probst. "John has worked hard to lead the Company through challenging transitions in our industry, and was instrumental in driving our very significant growth in digital revenues. We appreciate John's leadership and the many important strategic initiatives he has driven for the Company. We have mutually agreed that this is the right time for a leadership transition."

On behalf of the Board, Lead Director Richard A. Simonson stated, "As we begin the CEO search, we are fortunate that Larry, who has a proven track record with our employees, partners and customers, has agreed to assume a day-to-day leadership role as Executive Chairman. He has 16 years of experience as CEO of EA and a deep understanding of the Company's strategy, management team, business potential and industry trends."

Mr. Riccitiello stated, "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."

Interesting.

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Is this due to the SimCity debacle?

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good! hopefully the new CEO will turn EA around....

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Let me at em! I'll control it all with my Logitech racing wheel!

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good! hopefully the new CEO will turn EA around....

Maybe? I doubt much will change though.

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While EA is not considered to be "great" for gamers... you cannot deny them from a business standpoint "As CEO, Probst successfully grew the Company's annual revenues from $175 million to approximately $3 billion".

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As far as I see it, more blocks of EA are gonna shut down and they're gonna attempt to charge us with in-game upgrades.

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Please focus on games and no more DRM!

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Hopefully the new CEO will actually respect his/her customers, and not treat them as potential pirates. When will they realise that DRM only affects the lawful paying customers, while the pirates are happily playing a version without the invasive DRM.... idiots.

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it probably has to do with many things like the major complaints with the Origin Services as well as the debacle of Sim City

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Awww sad news. Before John I didn't like EA.

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No big surprise.

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It's probably for the best.

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I won't be satisfied until EA and Activision both burn to the ground

So you'll never be satisfied eh? Fair enough.

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I am happy to hear this, I guess, no matter what. Hoping (likely in vein) this will somehow affect their business practices for the good of consumers.

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Threads Merged

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