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foxtail on 24 April 2013
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Soriku said:

http://press.nintendo.com/articles.jsp?id=38483

NINTENDO CO., LTD. ANNOUNCES PROMOTION OF NOA CHAIRMAN TATSUMI KIMISHIMA TO NCL MANAGING DIRECTOR

Led Nintendo of America Since 2002

REDMOND, Wash., April 24, 2013 – Nintendo Co., Ltd. (NCL) today announced a planned promotion for Tatsumi Kimishima, current chairman and CEO of Nintendo of America (NOA) and a director of its parent Nintendo Co., Ltd. Subject to shareholder approval, he will become NCL managing director, and transfer from NOA in Redmond, Wash., to NCL headquarters in Kyoto, Japan. In his new position, he will assume the roles of general manager of Corporate Analysis and Administration, and general manager of the General Affairs Division. These titles are currently held by Yoshihiro Mori and Masaharu Matsumoto respectively, both of whom are retiring. Kimishima will assume his new duties in Kyoto later this summer.

Kimishima was named to his current position at NOA in 2006. He first joined Nintendo in Japan in 2000, and was subsequently named president of Pokémon USA in 2001, before moving on to become president of the Nintendo of America subsidiary in 2002. Previously, he spent 27 years at Sanwa Bank of Japan, with multiple postings in North America and Central America.

Many of his current responsibilities, including the CEO title, will be assumed by Global President Satoru Iwata. The move will support the company’s unified global strategy, allow streamlined decision making and enhance Nintendo's organizational agility in the current competitive environment. Reggie Fils-Aime will continue in his role as president and COO of NOA, reporting to Iwata.

Other changes announced to Nintendo’s global board of directors can be found at http://www.nintendo.co.jp/ir/en/.

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Iwata: Resign? (Laughs)

Iwata's statement from the financial briefing:

"At the financial announcement of yesterday, we also announced the changes in the members of our board of directors. More specifically, our plans are for the four directors, including Mr. Mori and Mr. Hatano who are currently the representative directors, to retire when their term of office expires at the end of the Annual General Meeting of Shareholders this year, and for the five new directors to take office, as well as the promotion of one existing director.

We are not changing our overall business strategy, but already 11 years have passed since the current management structure was established in 2002. The planned changes this time aim to realize a generational change of our management structure. When these changes become effective, the average age of the board of directors will become 6.7 years younger than today.

For your information, as recovering the momentum in the overseas markets tops our priority list, we are planning to place our overseas operations under the direct control of the company president after this year’s Annual General Meeting of Shareholders. Under this new management structure, the company will make its utmost efforts to achieve the 100 billion yen operating profit in the current fiscal year."

--END

FYI the age of the retiring members:

Yoshihiro Mori is 67 and  Masaharu Matsumoto is 70.  Also Shinji Hatano is 70.

Hopefully Reggie and Iwata working directly with each other will help to sort things out in the West.  Tatsumi Kimishima having worked so long in the US might also help in this new global aproach.