Gaming company Electronic Arts has announced that CEO John Riccitiello will step down at the end of this month. It's not clear whether Riccitiello is retiring or leaving for another opportunity, but EA has not yet found a replacement CEO. The company says Larry Probst has been appointed Executive Chairman to ensure a smooth transition and he will lead EA's executive team while the Board conducts a search for a permanent CEO.
"We thank John for his contributions to EA since he was appointed CEO in 2007, especially the passion, dedication and energy he brought to the Company every single day," said Probst. "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. We appreciate John's leadership and the many important strategic initiatives he has driven for the Company. We have mutually agreed that this is the right time for a leadership transition."
Probst has been at EA since 1991 and has been Chairman of the Board since 1994. The company says the search for a CEO will include both external and internal candidates, so get to work on that resume!