News

Electronic Arts' Larry Probst To Step Down As An Employee

by Mike Futter on Dec 08, 2014 at 10:36 AM

In a Securities and Exchange Commission filing today, the company notified the agency of a change in position of longtime employee Larry Probst. Probst joined the company in 1984 and served as EA's executive leader following the departure of former CEO John Riccitiello. Effective January 1, Probst’s role will change from Executive Chairman to Chairman.

Probst was president of the company from 1990 until 1997 and served as CEO from 1991 until 2007. He served as chairman of the board of directors starting in 1994 and became executive chairman in 2013 upon Riccietiello’s departure.

“Larry Probst became an employee of EA again when he stepped in as interim CEO in March 2013," an EA representative told us via email. "He remained in an employee capacity following Andrew Wilson’s appointment as CEO in September 2013 to assist with the CEO transition. He is stepping down as an employee of EA effective January 1, 2015. He remains the chairman of our board and there are no plans for Mr. Probst to step down as Board chairman.”

[Source: EA]

 

Our Take
At this point, Probst stepping back into the Chairman role signifies the end of Andrew Wilson’s transition period. EA isn’t losing Probst’s institutional knowledge, and he will continue to lead the organization’s governance. He will simply no longer draw a salary as an employee moving forward.