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Incoming Square Enix president Yosuke Matsuda – who will be replacing Yoichi Wada after his resignation following disastrous financial results – will conduct a company-wide review to establish what is working and what needs to go in order to turn the business around.
“After having succeeded the important role as the president, I plan on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint,” explained Matsuda in a recent Square Enix Holdings briefing session translated by Siliconera. “Due to the radical change of environment, I’d like to fundamentally review what works and what doesn’t work for our company, then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn’t.
“As far as a concrete plan on what to expect from us, I will further explain it on another briefing session in the near future, so I kindly ask for your patience. Thank you for your support.”
Phil Rogers, CEO of Square Enix Europe, is to be made the the new director of Square Enix Holdings, confirmed Matsuda.
In addition, former Square Enix president and representative director Yoichi Wada believes it is his duty to continue working at the publisher.
“As an employee, I believe it is my duty to help the company and give proper results from it,” said Wada. “I will be retiring from the line of management, but I plan to work on site as a way to pay my debt to the company.”
Source: Siliconera
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