Electronic Arts CEO John Riccitiello leaving

Electronic Arts CEO John Riccitiello leaving

Credit: Getty Images

RAMALLAH, WEST BANK - JULY 10: A Palestinian youth lifts up an illegal copy of The Sims, where each disk sells for 5 Israeli Shekels (US$1.20), at a street vendor's stall selling pirated DVD's and computer games July 10, 2007 in the center of Ramallah, the West Bank's most cosmopolitan Palestinian city. The West Bank is expected to enjoy a financial kick start as the 500 million shekels (US$119 million) of tax funds Israel recently released to the new Palestinian government works its way through the economy. (Photo by David Silverman/Getty Images)

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KMOV.com

Posted on March 19, 2013 at 9:05 AM

Updated Tuesday, Mar 19 at 9:15 AM

REDWOOD CITY, Calif. (AP) -- Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30.

   Electronic Arts Inc. says it has named Larry Probst as executive chairman while it searches for a replacement. Probst was CEO from 1991 to 2007, when Riccitiello took over. Probst has served as EA's chairman since 1994.

   Separately, EA says its revenue and earnings per share will be at the low end or below its January guidance.

   EA and other traditional video game companies have been trying to adjust to a changing world where consumers are turning to mobile devices and cheap or free online games instead of buying expensive packaged titles. Electronic Arts reported lower revenue for the last three months of 2012 than it did for the same period a year earlier.
 

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