Square Enix released some really bad numbers to investors today. Wada has stepped down to "make way for management reform". Yosuke Matsuda takes up the post of CEO.
NOTICE OF CHANGE IN REPRESENTATIVE DIRECTORS
SQUARE ENIX HOLDINGS CO.,LTD. (the “Company”) expects that the Company’s representative directors will change. Such change is subject to a resolution by its 33rd annual general meeting of shareholders to be held in late June, 2013, and a resolution by its board of directors meeting to be held after the said meeting of shareholders.
1. Reason for the election
Renewal of the Company’s management team
2. Change in the representative directors
Representative Director President and Representative Director