EA board has no plans to replace the head of the company

Answering a number of questions from stockholders today during an open meeting for Electronic Arts, the board denied rumors that they have any current plans to replace EA chief executive officer John Riccitiello.

Answering a number of questions from stockholders today during an open meeting for Electronic Arts, the board denied rumors that they have any current plans to replace EA chief executive officer John Riccitiello.

"The board has a very high level of confidence in John and the management team," Electronic Arts' chairman Larry Probst said. "They have done a really good job of exceeding the operating plans in the last few years."

"We take a look at the management team on a regular systematic basis and we talk about succession planning in the longer terms. At this point in time there is no plan to replace John Riccitiello as CEO."

Earlier this month, rumors hit that Riccitiello was set to be replaced by current EA chief operating officer Peter Moore. Moore left Microsoft in July 2007 to take over the EA Sports division at the publisher. He was promoted to chief operating officer of EA in August 2011.

Electronic Arts' first quarter earnings conference call is slated for Tuesday afternoon.