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EA CEO Riccitiello resigns

EA CEO Riccitiello resigns

Riccitiello joined EA in 1997 and took over as chief executive in 2007.

Electronic Arts chief executive John Riccitiello has submitted his resignation effective from March 30.

The chief executive role will be filled in the short term by former chief executive Larry Probst with the current chief operating officer, Peter Moore, suggested as his possible permanent replacement by industry pundits.

In stepping down, Riccitiello declared that he is responsible for the likely shortcomings in the publishers approaching quarterly results.

'The progress EA has made on transitioning to digital games and services is something I'm extremely proud of,' said Riccitiello. 'My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year. 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.'

Joining EA in 1997, Riccitiello took over as chief executive in 2007 and has focused on investment in social gaming and digital business operations in an attempt to recover the company's stock value which plummeted in 2008.

'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,' said Probst. 'We appreciate John's leadership and the many important strategic initiatives he has driven for the company.'

EA has recently taken a public image beating over the catastrophic launch of the latest instalment to the SimCity series. A requirement for a constant internet connection meant many players were able to even play the new game when the publisher's servers collapsed under the strain.

11 Comments

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liratheal 19th March 2013, 09:08 Quote
I'm sure I remember him being slightly more in touch than most CEO's..

Or, at least, coming across that way.
Hamfunk 19th March 2013, 09:14 Quote
Quote:
Originally Posted by Article
A requirement for a constant internet connection meant many players were able to even play the new game

Heaven forbid they were actually able to play the game! The injustice!

;)
greigaitken 19th March 2013, 09:20 Quote
I was willing to pay launch price for sim city but minute i saw it was EA game, i wouldn't pay anything.
Had my origin account hacked, and only way to contact EA is through your origin account. the chinese guy can keep my bf3, EA had loads of money to make a massive splash on the digital retail side and the ballzed it up.
Hustler 19th March 2013, 10:32 Quote
Deleted: server lag..:(
Hustler 19th March 2013, 10:33 Quote
I'm sure the sword he's falling on is made up of millions of $$$ worth of cash and stock options.

Failure has a different meaning to the 1%, it's called winning the lottery.
Fizzban 19th March 2013, 11:33 Quote
Well we'll see what difference, if any, having a new CEO will do.
schmidtbag 19th March 2013, 13:54 Quote
Quote:
Originally Posted by Fizzban
Well we'll see what difference, if any, having a new CEO will do.

That's what I was thinking. A company as large as EA doesn't need a CEO because there's a president and a vice president for every other stupid little job. I'm sure they have a president and VP for just SimCity, and a separate president and VP for Battlefield. Hell I'm sure they've got a P and VP for the custodians. And always note that when there's a president, there's usually another collection of board members, and then a collection of group managers, and then managers, and so on. These people do almost nothing and they probably get paid more than the actual developers. This is, IMO, the reason why AMD has been failing - at this point they probably have more administration than they have driver developers.
m0ngy 20th March 2013, 04:48 Quote
Quote:
Originally Posted by Hustler
I'm sure the sword he's falling on is made up of millions of $$$ worth of cash and stock options.

Failure has a different meaning to the 1%, it's called winning the lottery.

LOL! I'd go out and protest if I didn't secretly hope some of their vulgar wealth would eventually trickle down to me...
fluxtatic 20th March 2013, 06:44 Quote
Quote:
Originally Posted by schmidtbag
Quote:
Originally Posted by Fizzban
Well we'll see what difference, if any, having a new CEO will do.

That's what I was thinking. A company as large as EA doesn't need a CEO because there's a president and a vice president for every other stupid little job. I'm sure they have a president and VP for just SimCity, and a separate president and VP for Battlefield. Hell I'm sure they've got a P and VP for the custodians. And always note that when there's a president, there's usually another collection of board members, and then a collection of group managers, and then managers, and so on. These people do almost nothing and they probably get paid more than the actual developers. This is, IMO, the reason why AMD has been failing - at this point they probably have more administration than they have driver developers.

Word. Not in gaming, but I see this where I work, where it's just starting. There are increasing levels of management, whose purpose and function is questionable. They're making, as a rough guess, from twice to six times what the proles make. And that's why they "can't afford" full staff down in the trenches.

And that's not nearly as bad as a company EA's size - this dude probably made 100x what the devs make, and he gets to walk away with a "my bad" and the board will fall over themselves to cram him full of cash like a pasty WASP pinata.

For EA, though, you have to wonder if everyone inside hates the DRM squad...and do they wander EA's halls, crying "I was just following orders!"?
mattbailey 20th March 2013, 21:38 Quote
See ya. Feed the cat, and shut the door on the way out please.

Enjoy SimCity 5 on your days off. Maybe if it doesnt need a Rollback or a server disconnect
samkiller42 20th March 2013, 22:19 Quote
I heard that EA are closing EA Los Angeles, Which after C&C 4 isn't a massive surprise, but even so.

Sam
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