EA's CEO Larry Probst stepping down in April
Interesting news from Electronic Arts today as Larry Probst is stepping down as CEO in April. Here are a couple blurbs from this article. It'll be interesting to see what impact this may have on EA's lineup.
SAN FRANCISCO (Marketwatch) - Electronic Arts Inc. named a new chief executive officer Monday - making the first new CEO for the video game publisher in 16 years.
In a statement issued after the closing bell, the Redwood City, Calif.-based company (ERTS : Electronic Arts Inc ERTS 52.52, +0.56, +1.1%) named John Riccitiello to the CEO post. The appointment is effective on April 2. Riccitiello will also take a seat on the board of directors.
He replaces Larry Probst, a long-time EA employee who has been serving in the top slot since 1991. The 56-year-old Probst will retain his position as chairman of the company's board.
Riccitiello himself has a history with EA. He served as president and chief operating officer from 1997 to 2004, when he left the company to form venture capital outfit Elevation Partners with a group of investors that included rock singer Bono of the band U2.
He served as managing partner at Elevation, where he also oversaw the firm's video game business, according to EA's statement.