Electronic Arts CEO Quits

The CEO of Electronic Arts has resigned, GigaGamez reports. They attribute this to falling stock prices and wide-spread annoyance at the company's reliance on sequels. He will be replaced by John Riccitello, an EA veteran who returns to the company.

As of April 2nd, Larry Probst, current CEO of Electronic Arts, will be stepping down and handing the title over to John Riccitello. Riccitello, an old-school EA'er is coming back after leaving his Chief Operations Officer and President job at EA in 2004 to co-found and manage his own venture capital firm called Elevation Partners. Probst will stay on with the company as the executive chairman of the board of directors.

Check out the full story on GigaGamez.