Electronic Arts Promotes Andrew Wilson to CEO
Larry Probst, who took over for John Riccitiello six months ago, will remain as executive chairman.
Electronic Arts said Tuesday it named as its new CEO Andrew Wilson, who has been with the video-game publisher since 2000 and was most recently the executive vp in charge of sports, digital games and its online portal.
The appointment comes six months after John Riccitiello stepped down and told Wall Street that the company behind franchises like Madden and Need for Speed would miss quarterly financial guidance.
"EA's shareholders and employees expect better and I am accountable for the miss," Riccitiello said at the time. After that, Larry Probst, a board member and former CEO, took the helm on an interim basis and the stock has rallied 48 percent since then.
On Tuesday, shares of EA advanced 2 percent to $27.60.
On EA's blog on Tuesday, Wilson said his focus is on three things: "Continued transformation for our digital future; delivering amazing games and services across platforms; and instilling a culture of execution that will drive profitable growth."
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