The Associate Press is reporting that Electronic Arts CEO, John Riccitiello, is stepping down on March 30th. The report claims the CEO, who has led EA since 2007, broke the news to the company in an official letter to its employees.
“My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year,” Riccitiello wrote in a message to EA employees. “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.”
Also according to the report, upon news of Riccitiello’s leaving, the company stock rose 67 cents a share.
