Jenson will remain with the company to pitch in with EA's fiscal year-end close and financial reporting process.

"My tenure at EA has provided me with many good friends and memories," said Warren Jenson. "It's time for me to write the next chapter in my career—and I wish EA the best in the dynamic period ahead."

EA also noted that Jenson will remain with the company long enough to assist in his successor's transition into his old position. The company has not yet said who will take up the role, but promised an announcement in the near future.

UBS analyst Ben Schachter suggested that Jenson's departure may create concern among investors keeping tabs on Electronic Arts.

"We believe Mr. Jenson's departure was a mutual decision," Schachter told GameDaily. "While it's not surprising that CEO John Riccitiello would want to reshuffle his team, the timing may raise eyebrows given lag since other key [management] changes, the pending offer for [Take-Two], and coming right before the end of the fiscal year.

"While Mr. Jenson's replacement will likely not be a 'game-changer' longer-term, the news underlines our cautious stance on the stock," Schachter added.