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John Riccitiello

Electronic Arts Promotes Sports Head to CEO

Electronic Arts (NASDAQ:EA) said Tuesday the head of its EA Sports brand, Andrew Wilson, will step into the role of chief executive.The 39-year-old Australia native replaces John Riccitiello, who abruptly agreed to step down in March due to "shortcomings" in the company's financial performance.Since Riccitiello's departure, EA's stock has risen 45%. Shares closed Tuesday up 2.37% at $27.60 and were inactive in late trading.EA has been playing catch-up to online and social gaming, buying Zynga (NASDAQ:ZNGA) rival Playfish in 2009. It also released its own titles like SimCity Social, but those offerings failed to gain traction. About 100 employees ultimately left the company for Zynga.The video game maker also struggled with the launch of "Star Wars: The Old Republic," an online game, and its SimCity urban planning game.In a company blog post, Wilson said EA's strategy is sound and the company has made strong progress in the first half of its fiscal year."Our focus on our talent, our bra...

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  1. EA Names Insider Andrew Wilson As New CEO

    Electronic Arts Inc. said Tuesday afternoon that it has named Andrew Wilson as its new CEO. Wilson joined the videogame publisher in 2000 and has most recently been ...

  2. EA Shares Get Lift As Analysts See Gains Ahead

    Electronic Arts Inc. got a lift on Tuesday morning after a pair of brokers upped their price targets on the videogame publisher -- with one also upgrading the stock ...

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    The U.S. stock market was slightly lower on Tuesday as investors reacted to news that lawmakers in Cyprus have rejected a bailout plan which would include a tax on b...

  4. TECH STOCKS: Juniper, EA, ARM Fall; Dell Edges Higher

    An early tech rally fizzled Tuesday as the sector was weighed down by slumping shares of Juniper Networks Inc., Electronic Arts Inc. and ARM Holdings PLC.Juniper (JN...

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    The tech sector was off to an upbeat start on Tuesday, trading broadly higher, led by shares of Apple Inc. , Google Inc. and Dell Inc. . The three stocks were each u...

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  7. Electronic Arts CEO to Step Down March 30

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