EA’s next CEO: Peter Moore?
The rumour mill is spinning again as Gamefront is reporting that an anonymous source “close to the matter” has revealed to them that EA’s Board is looking at replacing CEO John Riccitiello.
Following the company’s declining stock values, EA’s Board is apparently about to vote whether or not to replace Riccitiello by EA Sports boss Peter Moore. The source claims that the decrease in share value is causing a “general feeling of tension throughout EA’s studios” and the expectation seems to be that after an investor call which will be held on July 30th, we’ll be officially hearing Riccitiello’s resignation and replacement.
Riccitiello left as EA COO back in 2004 to return in 2007 as CEO and oversee the company’s move into digital distribution with their Origin platform, something that resulted in $1 billion digital revenue for the company’s previous fiscal year. Whether the current drop in share price (less than half of the value last year) is enough to give Riccitiello the boot is something we’ll hear soon enough.