Revealed, Microsoft Has Plans to Acquire Square Enix to Strengthen Game Pass Services

On the other hand, Square Enix announced that it will replace the current President, Yosuke Matsuda, while waiting for the approval of the annual shareholders meeting in June.

Going forward, Matsuda will be replaced by Takashi Kiryu as President of Square Enix. Kiryu currently serves as a director at the Japanese company.

In a statement, the company said the decision was made “to reshape the management team with the aim of adopting evolving technological innovations and maximizing the creativity of the group of companies.”

Reported ignquoted on Tuesday (7/3/2023), Matsuda has served as President of Square Enix since 2013.

During his 10 years in office, he has overseen the $300 million sale of his western game development studios Crystal Dynamics, Square Enix Montreal, and Eidos Montreal, to the Embracer Group.

Another decision that was considered quite controversial was that Matsuda advocated technology integration blockchainsinto game creation.

“Until now, in most games, we provided content as a finished product and players played the content,” Matsuda said last year.

“However, there are players in the world who want to contribute to making games more interesting, by creating new settings and ways of playing,” he said.

Matsuda also claims that, in the future, the company wants to take advantage of the strengths of these players, to make games that will continue to grow.