Timing of EA CEO resignation 'makes sense' says analyst
Added: 18.03.2013 23:12 | 12 views | 0 comments
Robert W. Baird industry watcher not surprised by John Riccitiello's resignation from Battlefield publisher today, says Peter Moore, Frank Gibeau leading internal candidates to take over.
John Riccitiello's was not an entirely surprising event, according to Robert W. Baird analyst Colin Sebastian. In a note to investors today, Sebastian said the timing of his departure from EA makes sense for a number of reasons.
"EA's controversial CEO John Riccitiello will step down as of March 30 as part of a mutual decision with the board of directors. We believe timing makes sense for a CEO transition at the end of the fiscal year, and ahead of next generation console launches and a strong [second half of 2013] title lineup (Battlefield and EA Sports)," Baird said.
Despite EA's financial challenges, which Riccitiello said were , Sebastian said EA has positioned itself to benefit from the upcoming console transition.
"We believe EA is well positioned for the console refresh cycle, and the company has made
progress in building a digital platform and more recently controlling expenses," Sebastian said. "However, we note that inconsistent financial performance, some high profile title flops (e.g., Star Wars: The Old Republic) and employee turnover were issues that impacted the CEO's credibility."
Lastly, Sebastian suggested that current chief operating officer Peter Moore and EA Labels president Frank Gibeau are leading internal candidates to take over as CEO. The EA Board of Directors will also consider external candidates with the the help of a "leading executive search firm." In the meantime, longtime EA executive Larry Probst will lead EA.
Tags: Mario, Star, Battlefield, Color, John, Riccitiello, John Riccitiello, Baird, Probst, Larry, Peter, Sebastian, CEO John, Moore, DespiteFrom:
www.gamespot.com
| EA CEO John Riccitiello resigns (iPad)
Added: 18.03.2013 23:11 | 9 views | 0 comments
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EA CEO John Riccitiello will be stepping down from his role on March 30. The decision was made by Riccitiello himself, who felt personally responsible for the company falling below the income predictions made in January, as well as the internal operating plan laid out one year ago. |
From:
www.gamezebo.com
| EA CEO John Riccitiello Steps Down, Larry Probst Steps Up
Added: 18.03.2013 22:27 | 19 views | 0 comments
Electronic Arts, persistently embattled publisher of games-that-are-actually-pretty-fun, has announced that CEO John Riccitiello will be leaving his position and ceasing service on EA's Board of Directors.
From:
www.gamerevolution.com
| EA CEO John Riccitiello Resigns
Added: 18.03.2013 21:15 | 10 views | 0 comments
Decision made after poor financial results
From:
www.nintendolife.com
| News: EA CEO John Riccitiello resigns
Added: 18.03.2013 21:07 | 16 views | 0 comments
Riccitiello accepts "accountability for the shortcomings" in EA's financial results, but company remains optimistic over future success.
Riccitiello will step down as CEO and as a member of the Board of Directors on March 30, with former EA president Larry Probst temporarily appointed executive chairman "to ensure a smooth transition and to lead EA's executive team" while the publisher searches for a permanent CEO.
"My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year," Riccitiello wrote in an open letter on EA's website.
"It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued to the...
From:
www.videogamer.com
| EA CEO John Riccitiello steps down
Added: 18.03.2013 20:20 | 31 views | 0 comments
Outgoing exec 'remains very optimistic' about company's future.
EA has announced that CEO John Riccitiello will step down from his role, effective March 30.
From:
rss.feedsportal.com
| EA CEO John Riccitiello Steps Down
Added: 18.03.2013 20:18 | 18 views | 0 comments
Kotaku: Electronic Arts Inc. today announced that John Riccitiello will step down as Chief Executive Officer and as a member of the Board of Directors, effective March 30. The Board has appointed Larry Probst as Executive Chairman to ensure a smooth transition and to lead EA's executive team while the Board conducts a search for a permanent CEO. The Board will consider internal and external candidates with the assistance of a leading executive search firm.
Tags: Steve, Mario, Arts, Electronic, Electronic Arts, John, Riccitiello, John Riccitiello, Kotaku, Probst, Larry, CEO John, ChinaFrom:
n4g.com
| EA CEO John Riccitiello Steps Down
Added: 18.03.2013 20:14 | 7 views | 0 comments
John Riccitiello departs publisher in a "mutually agreed" leadership transition.
From:
www.ign.com
| EA CEO John Riccitiello Steps Down
Added: 18.03.2013 20:14 | 6 views | 0 comments
John Riccitiello departs publisher in a "mutually agreed" leadership transition.
From:
www.ign.com
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