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Former Amazon CFO jumps to EA's team

Warren Jenson, who left the online retailer in March, will assume the CFO spot at leading games publisher Electronic Arts.

Former Amazon Chief Financial Officer Warren Jenson will assume the CFO spot at leading games publisher Electronic Arts, EA announced late Wednesday.

Jenson left Amazon in March, after three years in which he helped nudge the online retailer toward profitability. He offered little explanation for his departure other than to say he was looking for "a new set of challenges."

Jenson is likely to find them at EA, which has amassed a reliably profitable business from games for PCs and video consoles but has absorbed huge losses from its online-gaming division. The company hopes to turn the online business around soon with "The Sims Online," a Web version of the smash PC game expected to help draw a mass-market audience to subscription-based online gaming.

"Warren has a proven ability to lead world-class finance organizations and be a strategic leader in driving growth," Electronic Arts CEO Larry Probst said in a statement. "Interactive entertainment is a dynamic industry with new opportunities emerging every day. As EA moves through our next cycle of growth, Warren's experience, knowledge and background will be a tremendous asset."

Jenson replaces Stan McKee, a 13-year EA veteran who announced retirement plans last year.

U.S. Bancorp Piper Jaffray analyst Tony Gikas raised his financial estimates for EA on Thursday, based on stronger-than-expected sales of games such as the soccer title "FIFA World Cup" and the World War II shooter "Medal of Honor: Frontline." He now expects revenue for the current quarter, ending June 30, to be $300 million, up from a previous forecast of $278 million. For the full year, Gikas now pegs revenue at $2.13 billion and earnings per share at $1.76, from previous estimates of $2.10 and $1.60.