Posted on July 11, 2012 AT 05:17pm
Speaking at the Develop Conference in Brighton yesterday, Wedbush Securities analyst Michael Pachter said that EA CEO John Riccitiello was “worried about being fired.” Though Pachter later explained that he was joking at the time, a new report from GameFront claims Riccitiello has good reason to be concerned.
According the rumor, sometime after the company’s July 30 earnings call, the EA board plans to ask Riccitiello to resign his position. The report goes on to state that his replacement will be none other than COO Peter Moore, who previously served as the VP of Microsoft’s Xbox division.
Though the news remains far from concrete—even if the rumors are true, the board still has to vote to approve the ouster—the move would hardly be surprising given the company’s recent financial troubles. Over the last six months, EA’s stock has lost nearly half its value, with analysts placing much of the blame on the lackluster performance of Star Wars: The Old Republic, the company’s enormously expensive MMORPG.
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