Wada steps down as Square-Enix CEO

[Jackscarab]

http://thenextweb.com/insider/2013/03/26/square-enix-ceo-yoichi-wada-steps-down-as-the-japanese-video-game-publisher-reveals-as-an-extraordinary-loss/

 

Japanese video game publisher Square Enix has announced today that its President and CEO Yoichi Wada will be stepping down. Yousuke Matsuda, the company’s Representative Director, will be taking the helm moving forward.

Wada has led Square Enix since 2000 and there is no word yet on whether he will move into a new role within the company.

It follows a revision to its consolidated results forecast for this fiscal year, which was described as an “extraordinary loss” in a report published yesterday.

 

Tough times for Square-Enix. It really puts FFXIV in perspective.

 

We are participating in a game whose popularity could preserve or destroy not only the franchise, but the company.

 

No pressure.

 

Here's hoping that Matsuda can rebuild/repair Square-Enix as well as Yoshi-P seems to be doing with FFXIV.

 

(Go for the gold, Matsuda.)