Electronic Arts chief leaves as video gaming earnings ebb
(03-19 11:20)
Electronic Arts said chief executive John Riccitiello is stepping down and that the US videogame giant would make less money than initially expected this quarter.
Riccitiello will leave the board of directors effective March 30, according to EA.
EA veteran Larry Probst was appointed to lead the California-based company's executive team while the board of directors searches for a replacement for Riccitiello, whose tenure as chief executive began in 2007, AFP reports.
EA is among the longtime videogame industry companies striving to adapt to an industry being transformed by the popularity of free play on smart phones, tablet computers and online social networks.
EA warned investors that its earnings for the quarter could be slightly lower than estimates provided at the end of January. EA is to report its quarterly earnings on May 7.
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