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CEO of EA resigns

March 19, 2013
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The CEO of Electronic Arts, John Riccitiello, submitted his resignation letter to EA’s board of directors today, and will finish his tenure March 30. Effective immediately, former EA president and CEO Larry Probst will step in as executive chairman while the company searches for a replacement.

EA’s earnings have been on the decline, and the company recently faced numerous layoffs as well.

It seems that his resignation is due to the fact of him taking responsibility of the shortcomings in EA’s financial results this year.

To read Riccitiello’s full message to EA, head over to http://www.ea.com/news/from-john

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Editorial Team | Liveatpc.com

Editorial Team | Liveatpc.com

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