Square Enix CEO Yoichi Wada Stepping Down
Yoichi Wada will step down as CEO and president of Square Enix.
In a note passed to investors, Square Enix stated that it “expects” Wada to leave the position of CEO. Wada will be replaced by current representative director Yosuke Matsuda, pending resolutions later this year.
Square Enix today revised its fiscal forecast down by ¥16.5 billion ($175m/£115m) following the poor performance of major console titles in Europe and North America since its last forecast in October 2012. Following similar failures to meet financial targets, EA CEO John Riccitiello stepped down last week.
Wada held the position of CEO since Square Co. and the Enix Corporation merged in 2003.
via GI International