Epic Games president Mike Capps is transitioning. Yes, after 10 crazy and wonderful years (his words) he is now in a transition from president to bloke who advises the board.
He is also going to be "other than cleaning up baby barf" but aside from that he is so wealthy and happy that he, "doesn't have much planned", although, he "might do some teaching, spend more time on creative writing, and maybe get more active with a few charities." So he was definitely pushed by the board right?
Nope, "Epic founder and CEO Tim Sweeney and other board members asked me to stay on the board, and Iím thrilled to do so as Iím truly excited about our future games and Unreal Engine 4."
All we know going forward is that, VP of Development Paul Meegan and VP of Operations John Farnsworth "can manage development better than I ever did."
(Apologies for saying "going forward" we got carried away in the moment)
Source: Mike Capps