EA’s CEO resigns [Photo]
John Riccitiello the CEO of Electronic Arts, one of the biggest video game publishers in the world, has announced his imminent resignation from the position today. Larry Probst is set to step in as Executive Chairman in the meantime while a new CEO is selected.
In a blog post Riccitiello stated “My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year.” The rest of his post goes on the praise EA for it’s talent and ability to grow additional revenue from fewer titles.
EA has been struggling in the public eye for some time as now. The company was voted the worst corporation in America in 2012 by readers of the Consumerist.They have taken negative press for the Mass Effect 3 outrage in regards to its poorly received ending, micro-transactions invading many of their titles, day one DLC, and their most recent disaster involving the recently released Sim City. The game now requires a persistent online connection in order to play it, even solo. Sim City was completely unplayable the first week of its release due to the strain on EA servers which the company assured would be able to handle the launch. Even more recently EA was caught in a bold faced lie, stating that the online connection was more than just a way to prevent piracy, but was essential to the game’s simulation processing. Hackers were able to find two lines of code that once removed allowed people to play the game with no internet connection with no issue, “two lines.”
Riccitiello came on as CEO in 2007 and in his blog stated he’d only be around for a few more weeks. As is the case in big corporations its believed that share holders likely forced him out of the position as an outright firing would probably make the company look bad to investors. Regardless his final statements seemed positive. “I remain an incredible fan of EA and everyone who works in our world… After March, I will be cheering wildly for EA from the sidelines”
Read Riccitiello’s full blog post here