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Square Enix<\/a> announced that it will replace its president and CEO Yosuke Matsuda, who is stepping down from the job after many years in the role.<\/p>\n
He will be replaced by Takashi Kiryu, who is currently the chief strategy officer. This comes after the company made heavy investments in blockchain technology.<\/p>\n
The company said in a statement, \u201cUnder 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 the creativity of the company\u2019s group in order to deliver even greater entertainment to its customers around the world.\u201d<\/p>\n
The change will be effective in June 2023, after the company\u2019s annual shareholder meeting in May.<\/p>\n
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Matsuda has run the company for a long time, but he also presided over one of the company\u2019s biggest retreats as he s old the company\u2019s Western studios<\/a> such as Eidos Montreal, Crystal Dynamics Square Enix Montreal to Embracer Group for $300 million. That meant he disposed of properties such as Tomb Raider and then focused on an expansion into blockchain games. Square Enix also released the critically panned Forspoken title.<\/p>\n
Back in January, in spite of a crash in cryptocurrency with the FTX meltdown and an accompanying drop in prices for non-fungible tokens, Matsuda issued another letter saying the company would continue to invest in cryptocurrency. <\/p>\n
Kiryu, 48, has been at Square Enix since 2020, and he became director of Square Enix in May 2022. <\/p>\n
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\n Dean Takahashi<\/p>\n","protected":false},"excerpt":{"rendered":"
March 2, 2023 11:55 PM Yosuke Matsuda, CEO of Square Enix, at the Final Fantasy XV launch in Tokyo in 2016. Image Credit: Dean Takahashi Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here. Square Enix announced that it will replace its president and CEO Yosuke Matsuda<\/p>\n","protected":false},"author":1,"featured_media":614330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1202,2527,46],"tags":[],"class_list":{"0":"post-614329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-square","8":"category-steps","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/614329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=614329"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/614329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/614330"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=614329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=614329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=614329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Event<\/h3>\n\nGamesBeat Summit 2023<\/p>\nJoin the GamesBeat community in Los Angeles this May 22-23. You\u2019ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.<\/p>\n<\/div>\n