NEW YORK — Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30.
Electronic Arts Inc. said Monday that it has named Larry Probst as executive chairman while it searches for a replacement. Probst has been chairman since 1994 and served as CEO from 1991 to 2007, when Riccitiello took over.
“My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year," Riccitiello wrote in a message to EA employees. “It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued to the Street, and we have fallen short of the internal operating plan we set one year ago. And for that, I am 100 percent accountable."