Monday, March 18, 2013

Electronic Arts CEO John Riccitiello to step down

http://tech.fortune.cnn.com/2013/03/18/electronic-arts-ceo-john-riccitiello-to-step-down/?iid=HP_LNElectronic Arts CEO John Riccitiello has announced his resignation and will step down on march 30th. the News came as a surprise, EA has announced that Larry Probst will step up as executive chairman until a suitable person for the job has been chosen. The video gaming company has
has been struggling to adapt to a changing games market as it's revenue and earnings-per-share has been at the low end. The Redwood city, California based company's stocks are traded at $18.71, down from a $61.40 in 2007.

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