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CEO of EA John Riccitiello to Step Down

EA just can’t stay out of the headlines recently, this time with a big change in management. John Riccitiello, CEO of Electronic Arts since 2007 has submitted his resignation to the board of directors at EA. From March 30, former EA president and CEO Larry Probst will serve as executive chairman while the search for a replacement is ongoing.

A statement from Riccitiello reads "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."

Riccitiello also addressed EA’s declining income by saying "My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year. 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."

After recent layoffs, declining earnings, and recent fan backlash after the launch of SimCity, things are looking slightly worrying for one of the world's biggest publishers.


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