As hero to some, and villain to others, Yoichi Wada resigned as the CEO of Square Enix today after taking the helm in 2000 after the Square Soft and Enix merger took place.
Also check out:
This news comes in after the company faced severe losses of 10 billion yen which roughly equals 105 million US dollars in the fiscal year April 1st 2012 to March 31st 2013. Majority reasons for the losses seem to be lower than expected sales of the company’s HD console titles like Sleeping Dogs and Hitman HD Trilogy along with the recently released Tomb Raider Reboot.
If appears Square Enix is finally ready to flip things around by making changes to the management. You can read the full statement here.