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Square Enix introduced that it’s going to change its president and CEO Yosuke Matsuda, who’s stepping down from the job after a few years in the function.

He can be changed by Takashi Kiryu, who’s at present the chief technique officer. This comes after the corporate made heavy investments in blockchain expertise.

The firm mentioned in a press release, “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 the creativity of the company’s group in order to deliver even greater entertainment to its customers around the world.”

The change can be efficient in June 2023, after the corporate’s annual shareholder assembly in May.

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Matsuda has run the corporate for a very long time, however he additionally presided over one of many firm’s largest retreats as he bought the corporate’s Western studios equivalent to Eidos Montreal, Crystal Dynamics Square Enix Montreal to Embracer Group for $300 million. That meant he disposed of properties equivalent to Tomb Raider after which targeted on an growth into blockchain video games. Square Enix additionally launched the critically panned Forspoken title.

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Back in January, in spite of a crash in cryptocurrency with the FTX meltdown and an accompanying drop in costs for non-fungible tokens, Matsuda issued one other letter saying the corporate would proceed to speculate in cryptocurrency.

Kiryu, 48, has been at Square Enix since 2020, and he grew to become director of Square Enix in May 2022.

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