CEO of Electronic Arts John Riccitiello has submitted his resignation to the company’s board of directors. Larry Probst is now Executive Chairman of EA. He will be spearheading the hunt for a new CEO. A long time employee at EA, John was the president and COO from 1997 to 2004. He left the company then only to return in 2007 as CEO. He will give up his top seat at EA on March 30.

Larry Probst is stepping in as Executive Chairman so as to ensure a smooth transition. The company will partner with a leading executive search firm in order to find and appoint a new permanent CEO. As far as John’s record with EA is concerned, he massively increased revenues and international presence of EA and also established its name in new platforms.

John Riccitiello said that he’s very optimistic about EA’s future and that he believes this is the right time for him to pass the baton and let EA be run by new leadership so as to usher in the next phase of innovation and growth. The true reason behind John’s resignation as CEO of EA is yet to be revealed. The company is obviously tight lipped about it. It can hardly be due to the SimCity difficulties EA has been handling recently. Maybe John has other plans?

Filed in Breaking >Gaming. Read more about EA.

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