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.