John Riccitiello Leaves EA
EA CEO steps down from the third party publisher effective March 30th
It seems as if EA is throwing us all for a loop as John Riccitiello, their Chief Executive Officer steps down from multiple positions. Effective March 30, Riccitello will no longer be involved with the publishing of FIFA or Battlefield. It seems as if he is also no longer a member of the publisher’s board of directors.
In a press release EA stated, “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 Larry Probst, who will be serving as Executive Chairman. “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.”
It’s also worth mentioning that after this announcement, and the subsequent announcement of Larry Probst stepping into Riccitiello’s position while they look for a replacement, EA shares are up 74 cents, or 3.7% and have fluctuated to 5.45%.
We all know EA has been having some serious issues lately with their games not living up to expectations or flat out not working at all (Sim City anyone?). So does this massive change in power mean the company is getting itself together? Time will tell if Riccitiello stepping down will be a stepping stone to repairing EA’s image. Hopefully, the company doesn’t give us the same old song and dance with a new face.
Hard Reset will keep you up to date as more information comes to light.