Electronic Arts CEO John Riccitiello Leaving at the End of the Month

Posted by at 2:59 pm on March 18, 2013

John RiccitielloElectronic Arts CEO John Riccitiello has submitted his resignation to EA’s board of directors. His final day will be March 30, the close of the company’s fiscal year.

“The Board will immediately initiate a search and both internal and external candidates will be considered for the CEO position,” wrote EA board chairman Larry Probst in a public statement.

“Our business is built on more than a dozen powerful, globally recognized brands,” Probst continued. “We are clear leaders in the fastest growing category in games – mobile – and we are positioned to lead on the next generation of consoles. Most importantly we have deep reserves of talent – new faces and industry veterans who form the core of EA’s leadership.”

Riccitiello’s departure letter noted that while the company has made progress in quality and digital products, the company’s financial performance is tracking below set expectations.

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