EA is absolutely the juggernaut when it comes to the gaming world and publishing software. Most of the big, blockbuster games that are released every year have one of the few, big publishers behind them and at this point Electronic Arts accounts for a good chunk of those. That being said, not all is pretty in the land of EA. Electronic Arts set an aggressive goal for this fiscal year to make their transition to digital games and to make a lot of money, like public companies are akin to do. Apparently things will not measure up to their initial guidance and their CEO feels accountable for this issue and has tendered his resignation.
EA’s CEO John Riccitiello will step down as EA’s CEO effective March 30th and in a letter that was released today, he details the reasoning behind it. He claims that EA’s shareholders and employees expect better than the results that they are going to post and thusly, he will step down from his position. Previous Electronic Arts CEO Larry Probst will once again fill the role until a suitable replacement is found and to help ease the transition period.