Probst Out of the Picture
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February 27th, 2007
The dominant force in video game publishing, Electronic Arts, has found it best to replace Larry Probst, as CEO, this past Monday. His predecessor is none other than former Electronics Arts executive John Riccitiello. Riccitiello will take the title of EA CEO on April 2nd.
Riccitiello, who joined “Redwood City, Calif.-based EA” in October of 1997, resigned in April 2004. Probst will still remain in EA as executive chairman of EA’s board of directors. He has been criticized on Wall Street for his failure to encourage new titles, but instead rely on sequels. He has this to say,
“The right time to put a new CEO in place is when good times are ahead, as opposed to challenging times. That’s the recommendation I made to the board, and they agreed unanimously.”
Read (Yahoo! Finance)
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