Electronic Arts' Chairman Larry Probst Won't Seek Reelection; CEO to Take on Chairman Title

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 [e-mail]

(END) Dow Jones Newswires

May 25, 2021 17:00 ET (21:00 GMT)

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