EA's CFO quits
24 Mar 2008 | 11:53 GMT
Game over
SENIOR MANAGEMENT at Electronic Arts (EA) are experiencing another big change today as Warren Jenson, EA’s chief financial officer since 2002, announced he was leaving, just one week after the company appointed a new chief operating officer and president of global publishing. Jenson’s move also comes bang in the midst of its hostile buyout bid for "Grand Theft Auto" publisher Take-Two Interactive Software.
Jenson, who is 51, will purportedly stay on until the end of March in order to help the gaming company to close its fiscal year. According to AP, no clear reason was given for Jenson's sudden departure, but an EA spokeswoman, Holly Rockwood, said it had been a "mutual decision" between Jenson and CEO John Riccitiello, who joined EA in April 2007.
Rockwood also said that Jenson’s departure from the company wasn’t in any way related to the Take-Two takeover bid, which turned hostile a couple of weeks ago when they rejected EA’s $26-per-share offer.
Before becoming CFO at EA, Jenson had held the position of finance chief at several large companies, including Amazon, Delta Air Lines and NBC.
EA said that it would name a successor to Jenson soon. µ
L'inq
© 2007 Incisive Media Investments Ltd. 2007