EA president John Riccitiello steps down

EA president John Riccitiello steps down
Article by http://www.Laptopakkushop.At/ : Electronic Arts announced in our day so as to John Riccitiello spirit step down at the same time as chief executive police officer and at the same time as a element of the Board of Directors operational walk 30.

"This is a tough decision, but it all comes down to accountability," Riccitiello wrote in the field of his resignation communication to the board. "The progress EA has made on transitioning to digital games and services is something I'm really proud of. However, it now looks like we spirit approach in the field of by the low come to an end of, before faintly under, the fiscal guidance we issued in the field of January, and we give birth to fallen brief of the home operating set up we normal lone time in the past. EA's shareholders and employees expect better and I am accountable on behalf of the skip."

EA warned of salary "at the low come to an end of, before faintly under previously issued guidance" on behalf of the fourth quarter in the field of its broadcast. The company spirit announce monthly and fiscal time 2013 salary on can 7.

Riccitiello spirit be present replaced by Larry Probst who spirit put on a "day-to-day leadership role at the same time as Executive Chairman" in the field of an effort "to ensure a smooth transition" and run Electronic Arts' executive team. The company is searching on behalf of a eternal replacement president, with home and outside candidates being considered, EA whispered in the field of a liberation.

Probst was EA's president from 1991 to 2007 and has served at the same time as Chairman of the Board since 1994.

"EA is an outstanding company with creative and talented employees, and it has been an honor to dish up at the same time as the Company's president," Riccitiello whispered in the field of a statement. "I am proud of I beg your pardon? We give birth to accomplished collected, and similar to six years I feel it is the rectify schedule on behalf of me pass the baton and permit new-found leadership take the Company into its after that segment of innovation and growth. I stay behind very optimistic in the region of EA's yet to come — nearby is a humanity schoolroom team driving the Company's transition to the after that generation of game consoles."

Riccitiello fixed EA in the field of October 1997 at the same time as president and chief operating police officer. He missing the company in the field of 2004 to grow to be a founding partner and administration director of distance from the ground Partners at the same time as well at the same time as chairman and president of VG fortune, the holding company behind BioWare and Pandemic. He returned at the same time as president of EA in the field of 2007.

Riccitiello's resignation communication to the board is under.

Walk 17, 2013
Mr. Larry Probst
Chairman Electronic Arts

Dear Larry,

I hereby offer my resignation at the same time as president of Electronic Arts operational with the come to an end of our Fiscal time 13 on walk 30, 2013.

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 really proud of. However, it now looks like we spirit approach in the field of by the low come to an end of, before faintly under, the fiscal guidance we issued in the field of January, and we give birth to fallen brief of the home operating set up we normal lone time in the past. EA's shareholders and employees expect better and I am accountable on behalf of the skip.

I give birth to been by the rudder at the same time as EA's president on behalf of six years and served at the same time as bustle on behalf of not quite seven years preparatory in the field of 1997. I know this company well, and I charge sincerely in the region of its yet to come triumph. I leave knowing EA is a prodigious company, with an enormously talented cluster of leaders and the strongest slate of games in the field of the industry. I possibly will not be present additional proud of our company's games, from Battlefield and FIFA, to The Simpsons: Tapped given away and Real Racing 3. We give birth to built many prodigious franchises so as to spirit dish up the company well in the field of FY14 and ahead of. In the field of individual, I am convinced so as to the stash we give birth to made in the field of games on behalf of next-generation consoles spirit leave EA in the field of a effective leadership station on behalf of many years further on.

In the field of offering my resignation, my goal is to allow the talented leaders by EA a clean start on FY14. I look to the fore to working with you in the field of the advent weeks on an operational leadership transition. I'm really grateful to give birth to led this company and proud to give birth to worked with all the prodigious population by Electronic Arts.

Earnestly,
John Riccitiello

At the same time as part of Riccitiello's separation agreement, he'll receive 24 months of salary maintenance and continued vesting of unvested farm animals options until Nov. 30, 2013, with individuals options exercisable until Feb. 28, 2014.

Probst wrote on EA's The Beat blog so as to Riccitiello's tenure "has been noticeable by bold decisions, a bulky prediction on behalf of online games, a passion on behalf of item for consumption quality and an continuing respect on behalf of the population who succeed at this time."

While Riccitiello drove digital revenue by the company with games like FIFA and Battlefield, at the same time as president he was accountable on behalf of a handful of current anticyclone profile misfires: EA has futile to convey an NBA simulation videotape game on behalf of the ancient three years; MMO Star Wars: The Old democracy, which apparently cost upward of $200 million, went free-to-play in the field of November; and armed forces shooter Medal of Honor: Warfighter was time-honored poorly by critics and customers, leading EA to take the game given away of rotation.

"Looking further on, EA's strategy and yet to come are shake solid," Probst wrote of EA's post-Riccitiello budding. "Our small business is built on additional than a dozen powerful, globally renowned brands. We are make leaders in the field of the fastest growing group in the field of games — portable — and we are positioned to run on the after that generation of consoles. As a rule importantly we give birth to deep treasury of talent — new-found faces and industry veterans who form the main of EA's leadership. We give birth to an of great consequence time further on of us and I look to the fore to working with all of you at the same time as we navigate the path to yet to come triumph!"
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