Square Enix President Yosuke Matsuda Is Stepping Down
Square Enix President Yosuke Matsuda is preparing to step down from his position at the Japanese gaming giant, with his replacement already decided. The news of this management shakeup broke out not long after Matsuda penned his second NFT-focused New Year letter in a row, which was something that didn't sit well with many fans.
Matsuda, 59, has been at the helm of the Japanese publisher since June 2013, when he took over the company's reins from Yoichi Wada. Over that period, Square Enix's market cap grew by a factor of six, with the conglomerate currently being valued at the equivalent of nearly $5.5 billion. The industry veteran's continued interest in NFT technologies reflected positively on the company's stock price in recent years, even if it never led to an actual product, nor received acceptance from the fandom.
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In a newly published investor brief dated March 3, Square Enix revealed that Matsuda intends to step down from his leadership role come summer 2023. The plan is for him to be replaced by Takashi Kiryu, one of the company's current directors. This C-suite shakeup will be discussed at Square Enix's 43rd annual shareholder meeting scheduled to take place across two sessions in May and June. Baring anything out of the ordinary, Kiryu is likely to be confirmed as Matsuda's successor during the board meeting taking place immediately after the second shareholder forum. While the transition date has yet to be scheduled, Square Enix's main shareholder meeting historically takes place in late June.
The Tokyo-based company attributed this impending managerial change to a general need for reshaping its leadership amid the ever-changing business environment. Looking at
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