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Electronic Arts CFO Warren Jenson Resigns
by Brandon Boyer
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March 24, 2008
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Publisher Electronic Arts has announced that the company's chief financial officer Warren Jenson will be leaving the company amidst its ongoing bid for rival publisher Take Two.
Jenson, who has served as CFO since 2002, gave no explicit reason for leaving the company, but said in a statement that the time had come "to write the next chapter in my career."
EA says Jenson will "stay with the company to assist with its fiscal year-end close and financial reporting process. He has also agreed to help transition his successor into the role," and that a new CFO would be announced shortly.
The publisher is currently taking part in an ongoing "hostile" bid for publisher Take Two, most recently making a tender offer for all outstanding shares of its stock at $26 – the same price as its original rejected formal offer.
Said EA CEO John Riccitiello, "I want to thank Warren for the leadership he has provided in the past six years. He has built a first class Finance Department and has been a contributor to our growth and strategic initiatives."
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