NEWS CATEGORIES:



NEWS ARCHIVE >>
SOFTPEDIA REVIEWS >>
MEET THE EDITORS >>
Home / News / Games

Games


CFO Is Leaving Electronic Arts

Replacement to be named soon

By Andrei Dumitrescu, Games Editor

24th of March 2008, 23:06 GMT

Adjust text size:


Is EA driving veterans away?
Enlarge picture
Even as big game companies ride a wave of unprecedented sales and expansion, there are bound to be discontents. Warren Jenson, who has been Chief Financial Officer at giant Electronic Arts since 2002, has recently announced his intention of parting ways with his employer. No clear and official reason was offered for his decision, by Jenson himself or by the company. He only stated that he wants "to write the next chapter in my career."

It's quite unusual for such a high profile figure to leave a company
without a clear reason and without any prior notice. It's even more unusual that Warren Jenson chose to leave Electronic Arts while the games publisher is trying to financially outmaneuver Take Two and acquire it. The hostile bid for all outstanding Take Two shares was launched last month. EA is offering a 26-dollar per share price and is expected to say whether its hostile offer was successful or not by the middle of April.

EA stated that a new CFO will be announced soon and that, of course, Jenson will "stay with the company to assist with its fiscal year-end close and financial reporting process. He has also agreed to help transition his successor into the role."

John Riccitiello, who is Chief Operating Officer at Electronic Arts, said: "I want to thank Warren for the leadership he has provided in the past six years. He has built a first class Finance Department and has been a contributor to our growth and strategic initiatives."

High profile moves in the game industry are rather rare, as most companies seek to retain veteran staff by offering them a variety of incentives. The resignation of CFOs, COOs or CEOs, is usually a sign of big trouble, as seen in the recent Midway case. However, Warren Jenson's resignation from Electronic Arts shouldn't be taken as a sign of company trouble as the company is in the middle of one of its most successful periods ever.

TAGS:

Electronic Arts | CFO | resignation | Midway | trouble
Read by 1,037 user(s) | Add comment | Link to this article TWEET THIS


Article rating:
Fair (2.5/5) 4 vote(s)    

Subscribe to news | Print article | Send to friend

© Copyright 2001-2009 Softpedia
Contact:

 

 

SEARCH THE NEWS ARCHIVE :




Today's News
| Yesterday's News | News Archive


MORE RELATED ARTICLES:


Midway Talks Future

Prepare to Man the Battlestations!

Dead Space Movie Coming to TV and on DVD

Console RTS Games Are Lagging

Is Activision Going to Shut Sierra Down?

Tanya Is Back in Red Alert 3

Electronic Arts, Not the White Knight

The Sims Castway Stories Released for Mac

Rock Band Comes to Europe With New Songs

User opinions:

No user comments yet.
Be the first to express your opinion using the form below!

Share your opinion:

Your Name:
Your Email Address:
(will not be used for commercial purposes)
Solve this to prove you're not a bot: =
Your review/opinion:

 




Windows tabGames tabDrivers tabMac tabLinux tabScripts tabMobile tabHandheld tabGadgets tabNews tab

SUBMIT PROGRAM   |   ADVERTISE   |   GET HELP   |   SEND US FEEDBACK   |   RSS FEEDS   |   ENTER NEWS SITE   |   ENGLISH BOARD   |   ROMANIAN FORUM