Sunday, September 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Pushes Back Xbox One Debut In China
New Oculus 'Crescent Bay' Headset Announced
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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
EA To Bring Next Generation Gaming to the Palm of your Hand
Seagate Announces New Cloud, Storage Services
Seagate Ships First 8 TB Hard Drives
EA Access for Xbox One Now Available
Seagate Launches Channel On Roku
Seagate Delivers New Network Storage Portfolio
Google's Nest Launches Thread, A Wireless Networking Protocol for the Home
Creative Introduces the MUVO mini Weatherproof Bluetooth Portable Wireless Speaker
LG Introduces New All-in-one Streaming Home Theater System
Samsung Gear Update Improves Pedometer
Alienware To Release Steam Machine
EA Showcases Upcoming Games At E3

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .