Sunday, April 19, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology
Sony's 4K Ultra HD TV Lineup Coming In The U.S.
Moore's Law And The Software Industry
Adobe And Windows Zero-Day Exploits Likely Leveraged by Russians In Highly-Targeted Attack
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 Home > News > Games > Electro...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 19, 2013
Electronic Arts Chief Stepped Down


Electronic Arts on Monday announced that chief executive John Riccitiello is stepping down and that the US videogame giant would make less money than initially expected this quarter.

Electronic Arts 's board has appointed Larry Probst as Executive Chairman to ensure a smooth transition and to lead EA's executive team while the company's board conducts a search for a permanent CEO.

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 EA'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."

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."

EA expects that its revenues and earnings per share for the current quarter will be at the low end of, or slightly below previously issued guidance released by the company January 30, 2013.

EA will announce its fourth quarter and fiscal year 2013 results on May 7, 2013.


Previous
Next
ARM Chief Retires        All News        Rovi, LG Electronics Enter License Agreement
Xbox 'Durango' XDK Leak Confirms An "Always Connected" Console     Games News      SimCity Players To Get A Free EA Game

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Releases GearVRf For Virtual Reality Content Development
Android Watch To Keep a Watch on Your Phone
Seagate Collaborates With CERN Openlab To Develop Its Breakthrough Kinetic Storage Platform
Google To Bring Android Into VR
ASUS Announces New GR8S Steam Machine
Samsung, Oculus To Launch Gear VR Mobile Device Headsets This Year
Valve Reveals Steam Link Box For Steam In-home Game Streaming
AMD Enters The Virtual Reality market With Liquid VR
Apple Granted Patent For A Head-mounted iPhone Virtual Reality Display
Panasonic Showcases VR Headset, Produces World's Largest Aspheric Lens
Micron, Seagate Announce Alliance on Solid-state Drives
Beats Streaming Coming Into iOS and iTunes: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .