EA has announced that their CEO John Riccitiello has stepped down after the shortcomings of EA’s financial year.
On March 30th, he will be replaced by Larry Probst, until a suitable candidate is found to permanently take the position. Below is a quote from Riccitiello:
“My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year,” he said. “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.
“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.”
What do you think about this news from EA? Was this the right decision?