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Industry Moves: EA CFO Jenson Resigns In Midst of TTWO Bid

This story was written by Joseph Weisenthal.
Video game maker EA has announced the surprise resignation of CFO Warren Jenson. So far, a replacement for Jenson, who has served in this role for since 2002, was not named, nor was there a reason offered for Jenson's departure, not even the normal family or personal reasons. Following the appointment of a new CFO, Jenson will stay on through September 30, 2008, as an employee of the company, helping to smooth the transition period, according to a separate SEC filing. Over at MarketWatch, Herb Greenberg describes the departure as "bizarre timing", given EA's ongoing hostile bid for rival gamer Take-Two, and he suggests that perhaps there's some high-level disagreement over strategy. Company shareholders seem unperturbed, however, as the stock is up over 2 percent today. Release.


By Joseph Weisenthal