Electronic Arts CEO John Riccitiello Steps Down

Electronic Arts CEO Steps Down

In 2007 EA games appointed a new CEO named John Riccitello. 5 Years later the CEO who has entered the casual market, seen numerous microtransaction attempts and even the exploration on always online DRM has stepped down. While most of these ideas weren’t directly influenced by John Riccitello. It definitely showed the direction he was leading EA Games. These are the words the former CEO had to say when stepping down.

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 thelow 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 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, andafter 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.

During his tenure he has seen a layoff of over 29% of the EA Games workforce, which would account for 2,600 jobs.  In these job cuts studios like the much beloved Pandemic shut its doors. EA Games in 2008 was looking to be bought out by Take-Two Interactive however with the rug being pulled out from under them they quickly turned to Vivendi.  Needless to say neither companies would purchase the publisher known to be a sports mega giant. The company holds the NFL license hostage and many great games that are being watered down, Dead Space anyone?

The new CEO appointed will be Larry Probst who is on the board of directors and will take effect on March 30th.

We hope this move will help drive the publisher into the right direction.

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