EA CEO John Riccitiello to Resign

Electronic Arts CEO John Riccitiello has handed in his resignation to the company's board of directors, effective March 30th.

On Monday, EA announced Riccitiello informed the board of his decision to leave at the end of this fiscal year. Though the actual resignation letter wasn't made public, Larry Probst, executive chariman at EA, disclosed Riccitiello did explain that EA has made progress, but has underperformed financially this fiscal year. Probst will take over in the interim until a suitable successor is found.

"Looking ahead, EA’s strategy and future are rock solid," Probst said in a statement. "Our business is built on more than a dozen powerful, globally recognized brands. We are clear leaders in the fastest growing category in games – mobile – and we are positioned to lead on the next generation of consoles. Most importantly we have deep reserves of talent – new faces and industry veterans who form the core of EA’s leadership. We have an important year ahead of us and I look forward to working with all of you as we navigate the path to future success!"