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Electronic Arts CEO John Riccitiello steps down

3/19/13 2:00pm

After about six years of questionable decision-making, Electronic Arts CEO John Riccitiello is resigning from his position as well as the Board of Directors.

The news became official on the EA site where the decision was stated as being a mutual one. Riccitiello made the following statement in his resignation letter.

"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."

Serving as President and COO from 1997 to 2004, Riccitiello left EA to become co-founder of a private equity firm. He was then re-hired by EA in 2007 to serve as CEO until today. In his stead, the Board announced that Executive Chairman Larry Probst will fulfill duties until a more permanent replacement is found.

"Mind if I play you out, John?"

"Mind if I play you out, John?"

To be honest, I had good feelings about John leading EA years back. He seemed to have a keen business sense coupled with respect for the gaming industry. Unfortunately, the latter didn't prove to hold true. The "silver fox" has been pegged as a villain by a majority of gamers for overseeing a company that's been responsible for the acquisition and subsequent closure of a number of studios including Bullfrog, Origin, and Westwood. Many gamers also hold the company responsible for the degraded quality in acquired franchises such as Mass Effect and Dead Space. The cherry on top of the shit sundae, however, was winning the Consumerist "Worst Company in America" award in 2012.

To be fair, Riccitiello has owned up for his past mistakes. Despite this fact, it seems to have hit a breaking point both for him and the company.

Do you feel that a change was needed? Does this even change your perception of EA? Let us know in the comments below!

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g1 DISCUSSIONS

tricobalt

March 19, 2013 - 6:58pm

Kotick, you're next.

Luigius

March 19, 2013 - 6:43pm

So hes sorry he didnt make enough money with his "transition to digital games" strategy? Well, then again its not like we can expect him to say "Im sorry I instituted online pass and spied on you with Origin, the sub-par steam rip off I forced on you".

He was pretty vocal in support of this stuff so Im happy he is stepping down. Maybe the next guys strategy will be "redeem ourselves amoung the gamers who built our company with their support", but probably not.

yggdra324

March 19, 2013 - 5:04pm

well, I think this could be a good thing

King Meatball I

March 19, 2013 - 4:34pm

Not surprised considering their financial problems have been going on for over a year and him undoing most of the good he brought to EA's image the past two years.

dude1286

March 19, 2013 - 3:58pm

Now that is a leader, he takes all the blame for the problems at his company, whether or not he made all the decisions. Some people (and I will only point to Washington D.C.) can learn from people like this. Do not push the blame away from yourself when you are a leader, it shows that you cannot control the environment that you are in.

Lemoncloud

March 19, 2013 - 3:40pm

Well, EA will still be EA, my perception won't change for now.

Blue Madness

March 19, 2013 - 2:37pm

Well, it can't get any WORSE, can it?

CaztheGamerGuy

March 19, 2013 - 7:54pm

EA hires Peter Molyneux and the next Battlefield is a Kinect/Move RPG

Blue Madness

March 20, 2013 - 7:10am

You've made your point.

KataWolf

March 19, 2013 - 11:24pm

Dammit man, don't jinx it!

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