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As Square Enix prepare to share “extraordinary losses,” the publisher has announced that president and CEO Yoichi Wada will resign from his role to make way for a “management system for reform.”

Whilst the company searches for a replacement Yosuke Matsude has been appointed representative director, with Wada’s future role within the company remains undecided.

Wada joined Square back in April 2000, becoming president and CEO later that year in December. He’s largely associated with reforming the company’s management, being with the company when it merged with Enix, and seeing the acquisition of both Taito and Eidos Interactive.

[Thanks, translated by NeoGAF]

Alex Seedhouse

Alex Seedhouse

After starting out with a Yellow Game Boy and a copy of Donkey Kong Land, Alex once hid in his room to play The Legend of Zelda: Ocarina of Time one Christmas. Now he shares his thoughts on Nintendo Insider, keeping track of everything to do with Nintendo.