Electronic Arts' Chairman Larry Probst Won't Seek Reelection; CEO to Take on Chairman Title
May 25 2021 - 5:14PM
Dow Jones News
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)
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