SANTA CLARA, Calif.—Electronic Arts Inc. on Thursday named a new chief financial officer as the company continues its hostile buyout bid for Take-Two Interactive Software Inc.
Eric Brown, 42, currently CFO at Internet security company McAfee Inc., will become CFO of Electronic Arts on April 14.
He replaces Warren Jensen, who had been CFO since 2002 and said he was leaving on Monday.
McAfee said it has begun a search for a new CFO both internally and externally, and added it named Keith Krzeminski, senior vice president of finance, as chief accounting officer.
Redwood City, Calif.-based EA has offered to buy "Grand Theft Auto" publisher Take-Two in a $2 billion tender offer that expires April 11.
In a statement, Brown said it was a "pivotal" time to join EA. Before McAfee he was president and chief financial officer of MicroStrategy, and before that he was chief operating officer of EA's Redwood Shores Studio.
Shares of Electronic Arts fell $1.31, or 2.7 percent, to close at $48.15. McAfee shares lost $1.48, or 4.3 percent, to $32.86 as most technology stocks fell.
