John Riccitiello, chief executive officer at Electronic Arts, will be resigning from his position at the games publisher effective 30th March 2013. He will also no longer sit on the publisher’s board of directors. He has been CEO of EA for 6 years.
Why did he leave? Luckily because of the internet I can reproduce snippets of his resignation letter for you here:
This is a tough decision, but it all comes down to accountability. The progress EA has made on transitioning to digital games and services is something I’m extremely proud of. However, it currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued in January, and we have fallen short of the internal operating plan we set one year ago. EA’s shareholders and employees expect better and I am accountable for the miss…I’m extremely honored to have led this company and proud to have worked with all the great people at Electronic Arts.
And because we know how we all have to make an enormous public display of affection when someone gets kicked to the curb (even though it was apparently Riccitiello himself who chose to leap towards the pavement), EA issued the following statement:
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," Probst said in a statement. "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.
I don’t know about you, but what I read there is “SimCity was an enormous fail and somebody had to take the fall.”
EA executive Larry Probst has been assigned the task of finding Riccitiello’s replacement. More news about that when there is some.
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