Electronic Arts CEO resigns, effective on March 30
John Riccitiello, CEO of Electronic Arts, has resigned from the company per a memo issued to press outlets Monday. Riccitiello will step down as both the CEO and as a member of the company’s board of directors effective March 30. The memo did not name a replacement or outline any succession plan in place.
Kotaku notes that under Riccitiello's leadership starting in 2007, EA's stock went on the decline—in late 2008 it went from around $50 a share to around $20, and it has never recovered.
"It has been an honor to serve as the Company’s CEO," said Riccitiello in a statement. "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." Larry Probst, who served as EA's CEO from 1991 to 2007, has been named executive chairman while the company searches for a replacement CEO.
While neither EA nor Riccitiello has cited an official reason for the resignation, the CEO's departure follows the catastrophic launch of EA’s most recent title, SimCity. The release was plagued by server problems compounded by the lack of offline play, an issue that was eventually “solved” by hacks and mods from the community.
http://arstechnica.com/gaming/2013/03/electronic-arts-ceo-resigns-effective-on-march-30/
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