Electronic Arts has announced that Lawrence F. Probst III, the current chairman of the Board of Directors and former CEO of the company, is expected to retire. Probst informed the company on May 20 that he will not put his name in for re-election at the next stockholder meeting coming up in August. Probst is one of EA’s most veteran and influential employees, with EA CEO Andrew Wilson calling him a person who “helped to establish the core DNA of Electronic Arts.”
EA said in a government filing that Probst is stepping down on his own volition. “Mr. Probst’s decision to not stand for re-election was not the result of any disagreement with management or the Board,” EA said. Probst has been an EA board member since 1991; he became chairman of the board in 1994.
EA also announced that, when the annual meeting takes place later this year, it will do so with eight members instead of nine due to Probst’s departure. The publisher said it will use the meeting to start the process of “succession planning.” In the meantime, EA CEO Andrew Wilson will become chairman of the board.
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Source: Game Spot Mashup