Breaking News: Yoichi Wada resigns as Square Enix CEO, likely being replaced by CFO

#1
http://www.4gamer.net/games/999/G999905/20130326067/

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.

Edit: http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf

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
Yosuke Matsuda
Representative Director President and Representative Director
 
#3
Translation:

"Yoichi Wada, Square Enix has resigned as President and CEO

Toshiaki Konishi: Editorial

March 26, 2013, Square Enix Holdings Co., Ltd., announced that he will step down as President and CEO Yoichi Wada, newly, Mr. Yosuke Matsuda of the current appointed representative director. The Reason for change is a "management system for reform."  The future of Mr. Wada has not been announced at this time."
 
#33
Holy shit. :eek:

EDIT: Actually it's not that surprising considering how much Square Enix has fucked up everything this generation apart from Dragon Quest, TWEWY, and acquiring Eidos.