Newspaper's EVP of Digital Products and Services Denise Warren appointed to leadership role at Battlefield publisher, is only woman on company's board of directors.
Electronic Arts has appointed The New York Times executive Denise Warren to the Battlefield and FIFA publisher's board of directors, the company has announced. Warren will also sit on EA's Audit Committee.
She is the only female member of .
Warren is executive vice president of the Digital Products and Services Group at The New York Times, where she oversees operations for digital content and subscriptions. Before holding that position, Warren worked as general manager and chief advertising officer at The New York Times.
In a statement, Warren said she is already impressed with what EA has achieved thus far and plans to help the company broaden its audience through delivering experiences on new platforms.
"EA is transforming its business by extending the consumer relationship with digitally delivered high-quality products and services," Warren said. "I'm impressed with the management of the company and look forward to helping them extend their products to a broader audience on new platforms including mobile and tablets."
Warren will receive an annual retainer for her role on the EA board of directors of $50,000 and an additional 10,000 per year for her work on the Audit Committee. She will also receive 2,5000 restricted stock units.
Separately, EA announced that director Gregory Maffei will not seek re-election to the board at the annual stockholders meeting this summer. He had served ten years on the EA board, but is resigning due to obligations at Liberty Media, where he is president and CEO.
"Denise Warren brings an enormous amount of digital media experience to EA's Board of Directors," said interim EA CEO Larry Probst in a statement. "We look forward to the leadership and perspective that she will provide to our company. I would also like to thank Greg Maffei for his many years of dedicated service to our Board. His guidance, involvement and expertise have been invaluable."
Warren holds a B.S. and management degree from Tulane University and an M.B.A. degree in communications and media management from Fordham University. She lives in Long Island.
Newspaper's EVP of Digital Products and Services Denise Warren appointed to leadership role at Battlefield publisher, is only woman on company's board of directors.
Electronic Arts has appointed The New York Times executive Denise Warren to the Battlefield and FIFA publisher's board of directors, the company has announced. Warren will also sit on EA's Audit Committee.
She is the only female member of .
Warren is executive vice president of the Digital Products and Services Group at The New York Times, where she oversees operations for digital content and subscriptions. Before holding that position, Warren worked as general manager and chief advertising officer at The New York Times.
In a statement, Warren said she is already impressed with what EA has achieved thus far and plans to help the company broaden its audience through delivering experiences on new platforms.
"EA is transforming its business by extending the consumer relationship with digitally delivered high-quality products and services," Warren said. "I'm impressed with the management of the company and look forward to helping them extend their products to a broader audience on new platforms including mobile and tablets."
Warren will receive an annual retainer for her role on the EA board of directors of $50,000 and an additional 10,000 per year for her work on the Audit Committee. She will also receive 2,5000 restricted stock units.
Separately, EA announced that director Gregory Maffei will not seek re-election to the board at the annual stockholders meeting this summer. He had served ten years on the EA board, but is resigning due to obligations at Liberty Media, where he is president and CEO.
"Denise Warren brings an enormous amount of digital media experience to EA's Board of Directors," said interim EA CEO Larry Probst in a statement. "We look forward to the leadership and perspective that she will provide to our company. I would also like to thank Greg Maffei for his many years of dedicated service to our Board. His guidance, involvement and expertise have been invaluable."
Warren holds a B.S. and management degree from Tulane University and an M.B.A. degree in communications and media management from Fordham University. She lives in Long Island.
Company share value climbs more than 15 percent after earnings report, Star Wars deal, and FIFA license extension.
Shares of Electronic Arts are up more than 15 percent today after the company's busy week of big news.The publisher announced a .
At press time, EA shares are up 15.59 percent (+$2.87) to $21.28 for the day. This represents the company's highest stock value since the end of 2011.
EA's new partnership with FIFA will give the publisher exclusive license for future games through 2022. As part of the recent EA-Disney pact, EA will make new Star Wars games for consoles, PCs, tablets, and mobile. Battlefield developer DICE and Dead Space studio Visceral Games are currently working on the new games, powered by the Frostbite 3 engine.
EA's stock is hot today and if the company can execute its near- and far-term goals, growth will only continue, according to the publisher.
"As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms," executive chairman and interim EA CEO Larry Probst . "With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY 2014 and beyond."
In an effort to reduce costs, EA recently , or around 930 people. The publisher will pay $16 million in severance expenses as a result.
EA is not the only game company to see its share value rise today. Grand Theft Auto parent publisher Take-Two Interactive is up 3.8 percent (+$0.60) to $16.35 today, while Activision is up 2.8 percent (+$0.42) to $15.36.
Executive chairman Larry Probst receives seven-figure compensation while publisher searches for John Riccitiello replacement.
Electronic Arts will pay executive chairman Larry Probst an annual salary of $1.03 million while the Battlefield and FIFA publisher seeks a replacement for John Riccitiello, who resigned as CEO last month.
Executive chairman Larry Probst receives seven-figure compensation while publisher searches for John Riccitiello replacement.
Electronic Arts will pay executive chairman Larry Probst an annual salary of $1.03 million while the Battlefield and FIFA publisher seeks a replacement for John Riccitiello, who as CEO last month.
Federal documents also show that the EA Board of Directors may award Probst a one-time discretionary bonus at the end of his term, with the amount to be determined by the Board.
In addition to his new role at EA of executive chairman, Probst is a member of the Board. He abstained from the Compensation Committee's salary decision and will not receive any further cash retainer fees for his position on the Board while he is also executive chairman.
Probst has been in a leadership position at EA since 1991 and was CEO from 1991 to 2007. He is also the current executive chairman of the United States Olympic Committee and serves on the International Olympic Committee's International Relations Commission. Past positions include national sales manager at Activision and national accounts manager at Clorox.
Six-year EA CEO Riccitiello resigned from the company on March 18, citing a failure to meet financial milestones as his reason to move on. His separation agreement with EA includes 24 months of continued salary and other options worth an .
Looking ahead, the EA Board will consider internal and external candidates to replace Riccitiello with the help of a "leading executive search firm."
According to , leading internal candidates for the position include current chief operating officer Peter Moore and EA Labels president Frank Gibeau. EA has set no timetable for when it plans to name a new top executive.
