Electronic Arts made an announcement today that John Riccitiello will be stepping down from his CEO post as well as from being a member of the company’s Board of Directors on March 30. Riccitiello, who has been EA’s CEO since 2007, cited accountability and missing an internal operating plan in his resignation letter. By stepping down, he wants to “allow the talented leaders at EA a clean start on FY14”.
Under his leadership, Electronic Arts transitioned to gaining ‘digital revenue’ from downloadable games and content, as well as via the Origin game client on PC, as well as produced hits like FIFA and Battlefield. However, some mistakes and flops were also made, such as the failure of 2012’s Medal of Honor: Warfighter and the recent debacle around SimCity 5 and connection issues and controversial online DRM.
Riccitiello will receive 24 months of salary and stock options exercisable till February 28, 2014 as part of his agreement to resign.