John Riccitiello is Stepping down as EA’s CEO
In a move that shocked no one, EA’s CEO John Riccitiello is stepping down as the company lead man. The resignation is official March 30th, and Riccitiello has nothing but good things to say about EA, and his time as CEO there.
“My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year,” he said. “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.”
“EA is an outstanding company with creative and talented employees, and it has been an honor to serve as the Company’s CEO. I am proud of what we have accomplished together, and after six years I feel it is the right time for me pass the baton and let new leadership take the Company into its next phase of innovation and growth. I remain very optimistic about EA’s future — there is a world class team driving the Company’s transition to the next generation of game consoles.”
EA has dug themselves in this hole. Customers have not responded nicely to on-disc dlc, microtransactions, the exclusion of legitimate Wii U support, the Sim City debacle, and much more. EA put themselves in this position. They got really greedy with Nintendo, which lead to them canning all support for the system. Mass Effect 3 was a failure in some ways, as EA had to issue hundreds and thousands of dollars in refunds because of the botched ending. EA just doesn’t have my respect as a gamer. Even the Madden franchise, which I bought every year since 2004 doesn’t have me interested. The last Madden game I bought new, was Madden 2010. EA has dropped the ball all over the place. Riccitiello wasn’t the only problem, but he sure was a big part of it. Hopefully the next guy they get, can drop all of these horrible business practices, and learn how to treat gamers with respect.
What do you guys think about Riccitiello’s departure? Put them in the comments below.
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