TECH
03/18/2013 04:39 pm ET | Updated Mar 18, 2013

John Riccitiello Resigns: Electronic Arts CEO To Leave Company In July

SAN FRANCISCO (Reuters) - Electronic Arts' Chief Executive Officer John Riccitiello has resigned, saying he was "accountable" for the company's missing operational targets.

Riccitiello will step down from his post as CEO and member of the board of directors on March 30, the video game company said on Monday.

Electronic Arts' stock climbed 1.5 percent to $19 in after-hours trade, from a close of $18.71 on the Nasdaq.

(Reporting By Malathi Nayak; Editing by Bernard Orr)

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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