President of Epic Games retires

Will remain with the company in an advisory role
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After ten years leading the company, Mike Capps has announced his retirement from the firm.

However, he has stated that he will remain on the company's board of directors in an advisory role.

Capps revealed the move in a post on Epic's official site, explaining that with a child on the way, his future plans involve being a "stay at home dad for a while" whilst remaining on with the firm in an advisory role.

Additionally, he highlighted his intention to pursue interests outside of the games industry, such as teaching, writing and charity work.

"Epic founder and CEO Tim Sweeney and other board members asked me to stay on the board, and I'm thrilled to do so as I'm truly excited about our future games and Unreal Engine 4," stated Capps.

"I've got great confidence in our executive team. VP of Development Paul Meegan is new to our Raleigh HQ, but we've worked with him for years, and I can only contemplate this retirement knowing that he and VP of Operations John Farnsworth can manage development better than I ever did."

Capps is the latest big name to leave Epic this year, as the news follows the high-profile departure of Cliff Bleszinski back in October.

Rod Fergusson also left the firm in August to join Irrational Games and work on one of 2013's biggest scheduled release's, Bioshock Infinite.

Despite the news, Epic has announced that all of its projects, which include Unreal Engine 4, Gears of War: Judgment and Infinity Blade Dungeons are moving forward as planned.

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