Skip to Content
Global News Select

Electronic Arts' Chairman Larry Probst Won't Seek Reelection; CEO to Take on Chairman Title

By Maria Armental

 

Electronic Arts Inc. Chief Executive Andrew Wilson will add the board chairman title, succeeding Larry Probst who won't stand for re-election at the annual meeting in August, the company said Tuesday.

Mr. Probst, EA's CEO from 1991 until 2007 and interim CEO from March 2013 until September 2013, has been on EA's board since 1991 and has been the chairman since 1994.

"When Larry first joined EA as vice president of sales, the company had approximately 50 employees and according to him, 'it was an entirely different environment'.," Mr. Wilson wrote in an email to employees posted on the company's website, later adding: "In many ways, Larry helped to establish the core DNA of Electronic Arts."

"From the beginning, Larry held an unshakeable belief that games were going to be the most significant form of entertainment on the planet. He taught us to embrace and lead the platform transitions that would come, instilled a constant commitment to quality, and challenged us every day to make Electronic Arts an incredibly meaningful part of people's lives," Mr. Wilson wrote, calling Mr. Probst a colleague, mentor, and a dedicated advocate.

With Mr. Probst' stepping down, EA intends to reduce the board size to eight members "while the Board engages in succession planning," according to a securities filing.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

May 25, 2021 17:00 ET (21:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.