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Square Enix plans to replace its current CEO Yosuke Matsuda, with a motion on his departure set to be voted on by shareholders in June.
Matsuda has served as CEO for decade, during which time the company has seen a mix of fortunes. Square Enix's western studios have been sold off, its high-profile Marvel's Avengers project failed to find success, and most recently its Japan-made blockbuster Forspoken flopped.
The company has lined up Takashi Kiryu, a young exec who joined Square Enix in 2020, as Matsuda's replacement.