Electronic Arts To Restructure Management
San Francisco, CA (AHN)
Mattrick joined EA in 1991 when they acquired his previous company, Distinctive Software. The company says he has "chosen to seek other opportunities outside of EA," but did not disclose what these were.
David Gardner, a 23-year veteran at EA, will take over Paul Lee's current role, while Frank Gibeau, former head of North American marketing, will now be responsible for the North American publishing division. Gerhard Florin, head of European publishing, will now expand his role to cover Asia.
EA's profits in the fourth quarter ending March 31 fell to $8 million, from $90 million the year before. In July, EA pushed back the release of its much-anticipated videogame The Godfather until 2006, citing the need for development time.
It has also lowered its revenue forecast for the current fiscal year to $3.3 - $3.4 billion, down from $3.5 billion one year ago.
SOURCE: Hector Duarte Jr. - All Headline News Staff Reporter
 | The world's biggest video-game publisher, Electronic Arts, announces a management shake-up Friday, after a year of canceled bonuses and profit let-downs. The company says Don Mattrick, president of Worldwide Studios, is being replaced immediately by Paul Lee, its current studio chief operating officer. |
Mattrick joined EA in 1991 when they acquired his previous company, Distinctive Software. The company says he has "chosen to seek other opportunities outside of EA," but did not disclose what these were.
David Gardner, a 23-year veteran at EA, will take over Paul Lee's current role, while Frank Gibeau, former head of North American marketing, will now be responsible for the North American publishing division. Gerhard Florin, head of European publishing, will now expand his role to cover Asia.
EA's profits in the fourth quarter ending March 31 fell to $8 million, from $90 million the year before. In July, EA pushed back the release of its much-anticipated videogame The Godfather until 2006, citing the need for development time.
It has also lowered its revenue forecast for the current fiscal year to $3.3 - $3.4 billion, down from $3.5 billion one year ago.
SOURCE: Hector Duarte Jr. - All Headline News Staff Reporter
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