REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Electronic Arts Inc. (NASDAQ:ERTS), a leading global interactive
entertainment software company, today announced Jay Hoag has been
appointed to EA's board of directors effective September 6. With Mr.
Hoag's appointment, the size of EA's board of directors has been
increased to eleven members. Mr. Hoag has also been appointed to EA's
Executive Compensation and Leadership Committee.
Mr. Hoag is a founding general partner at Technology Crossover Ventures
(TCV), a leading provider of growth capital to technology companies,
with $7.7 billion in capital under management. He is a widely respected
venture capitalist and technology investor who serves on the boards of
directors for eHarmony, TechTarget, Zillow and Netflix.
"Jay Hoag is an extraordinarily valuable addition to EA's Board of
Directors," said EA CEO John Riccitiello. "His early investments in
Expedia, Netflix and other technology leaders demonstrate his unique
insight into mass market consumer technologies. We look forward to his
leadership and vision on our board of directors."
"I have followed EA closely and have been highly impressed with the
management team, as well as the company's deep focus on product quality
and making the transformation to the digital distribution of games and
services," said Jay Hoag. "I look forward to working with EA on
expanding its global leadership in this market."
Prior to founding TCV, Mr. Hoag was a managing director at Chancellor
Capital Management. He received his B.A. in Economics and Political
Science from Northwestern University and an M.B.A from the University of
Michigan. He serves on the Board of Trustees at the Northwestern
University, the Board of Trustees at the Menlo School and the Stanford
Athletic Board.
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City, California, is
a leading global interactive entertainment software company. Founded in
1982, the Company develops, publishes, and distributes interactive
software worldwide for video game systems, personal computers, wireless
devices and the Internet. Electronic Arts markets its products under
four brand names: EA SPORTS™, EA™, EA Mobile™, and POGO™. In fiscal
2010, EA posted GAAP net revenue of $3.7 billion and had 27 titles that
sold more than one million units. EA's homepage and online game site is www.ea.com.
More information about EA's products and full text of press releases can
be found on the Internet at http://info.ea.com.
EA, EA SPORTS, EA SPORTS Freestyle and POGO are trademarks or registered
trademarks of Electronic Arts Inc. in the U.S. and/or other countries.
About TCV
Technology Crossover Ventures (TCV), founded in 1995, is a leading
provider of growth capital to technology companies, providing funds to
later-stage private and public companies. With $7.7 billion in capital
under management, TCV has invested in over 150 technology companies
leading to 49 initial public offerings and more than 40 strategic sales
or mergers. Representative investments include Altiris, C|NET, eHarmony,
Expedia, Facebook, Fandango, Groupon, HomeAway, Netflix, RealNetworks,
Redback Networks, RiskMetrics Group, Solect Technology, TechTarget, and
Zillow. TCV has 12 partners and is headquartered in Palo Alto,
California with offices in New York, NY. For more information about TCV,
visit www.tcv.com.
EA Communications
Jeff Brown, 650-628-7922
jbrown@ea.com
EA
Investor Relations
Rob Sison, 650-628-7787
rsison@ea.com
Source: Electronic Arts Inc.
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