Giant Interactive CEO Resigns

China-based online game developer Giant Interactive Group is now on the hunt for a new chief executive following the resignation of Yuzhu Shi. He will step down on April 19 and will stay on as the chairman of the board of directors.

The firm said it would formally announce his successor as CEO on that date.

In the press release announcing the move, Giant Interactive did not provide the reasons for Shi's resignation. It quoted him as saying that he would "continue to oversee the Company's strategic direction" in his role as chairman.

Shi has been with Giant Interactive since its founding in 2004.

The article Giant Interactive CEO Resigns originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Giant Interactive Group. The Motley Fool recommends Giant Interactive Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.