EA Will Not Replace Its CEO

EA has confirmed that John Riccitiello will remain CEO. Last month, rumors emerged that COO Peter Moore would be stepping up to replace Riccitiello, but during its annual shareholders meeting today, EA said that will not be the case.

“At this point in time, there is absolutely no plan to replace John as the CEO. We have a high level of confidence in both him and the management team,” EA Chairman Larry Probst said. “The Board has a very high level of confidence in John and the management team.”

Probst added that the management team has “done a really good job of exceeding their operating plan in the last two fiscal years. We think the strategy is spot on going forward and we have a high level of confidence they will execute well against that strategy.”