Square Enix President Yosuke Matsuda Stepping Down Replaced

Square Enix President is Stepping Down and Being Replaced

Square Enix president Yosuke Matsuda will officially step down as the company’s CEO this June and will be replaced with current company director Takashi Kiryu. The change will be made after the 43rd annual shareholders meeting of the Board of Directors, where Kiryu will take over the position of Square Enix president.

Matsuda led the Final Fantasy publisher for a decade and is believed to be largely responsible for the company’s divisive push into the NFT and blockchain space (among many other decisions including the sale of its Western studios and IPs). Matsuda will be replaced by Kiryu in June 2023 according to proposed changes detailed in a statement sent to investors recently.

READ MORE – Final Fantasy XVI Will Feature Over 11 Hours of Cutscenes

The statement sent to investors reads:

“Under the rapid change of business environment surrounding the entertainment industry, the proposed change is intended to reshape the management team with the goal of adopting ever-evolving technological innovations and maximizing on the creativity of the Company’s group in order to deliver even greater entertainment to its customers around the world.”

It sounds like some adjustments will also be made to Square Enix’s business model going forward. Whether these will be good changes or not under Kiryu’s leadership remains to be seen, though the reception to this news has been mostly positive by fans with a degree of concern about what could happen next.

Square Enix currently holds the publishing rights to the long-running RPG series Final Fantasy as well as a number of other IPs. Its latest entry, Final Fantasy XVI, is set to launch on 22 June along with the Final Fantasy Pixel Remaster launching on other platforms in spring this year. Another major installment and sequel to Final Fantasy VII Remake, titled Final Fantasy VII Rebirth, is expected to arrive in winter 2023 which could mean a late 2023 or early 2024 release.

Source: Square Enix

Editor-in-Chief of Nexus Hub, writer at GLITCHED. Former writer at The Gaming Report and All Otaku Online. RPG addict that has wonderful nightmares of Bloodborne 2.

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