EA not replacing CEO John Riccitiello
Responding to rumors that EA would be saying goodbye to CEO John Riccitiello, the company confirmed today that the conjecture wasn’t factual.
Electronic Arts’ chairman Larry Probst told stockholders “there is no plan to replace John Riccitiello as CEO.”
Probst stated:
“The board has a very high level of confidence in John and the management team. They have done a really good job of exceeding the operating plans in the last few years.
“We take a look at the management team on a regular systematic basis and we talk about succession planning in the longer terms. At this point in time there is no plan to replace John Riccitiello as CEO.”
Whispers regarding Riccitiello’s removal suggested that he would be asked to step down from his position following the July 30 earnings call. EA chief operating officer Peter Moore was rumored to be taking over as CEO.
