KYOTO, JAPAN- Nintendo Co., Ltd. (NASDAQ: NTDO) Nintendo may not be a leader company in its industry, but it is definitely a worldwide known and respected company in terms of quality products and services.
Unfortunately, Nintendo had a major loss in July, as its president, Mr. Satoru Iwata, passed away at the early age of 55, after losing his battle with colon cancer.
Iwata was truly a very rare case in the industry of digital entertainment and in fact, the kind that is directly relevant to the Japanese tradition: He was one on the few examples that started from the lowest ranks of the “hierarchy”. So the company lost an exceptional leader with great potential.
Given that chance, Nintendo decided to apply a large-scale revision to its organizational structure.
And the result of such revision is now applaudable, as a new president will be appointed, Mr. Tatsumi Kimishima, who will soon be the one steering the wheel.
The background of Tatsumi is quite satisfying, as he joined the company in early 2000 and has been a managing director since 2013. His previous position included tasks such as corporate analysis, general affairs and human resources divisions.
Nintendo seems to be fully supporting that decision, perhaps in the hope that its new boss will solve the firm’s most recent issues concerning its Wii console struggle to compete with its equivalent rivals.
In fact, the company said in a notice issued today:
“We aim to strengthen and enhance the management structure of the company, following President (Representative Director) Satoru Iwata’s passing on July 11, 2015 and a large-scale revision of the organizational structure of the company.”
With all that said, in the frame of this much discussed large-scale revision, Genyo Takeda will soon be also known as a Technology Fellow, while at the same time Shigeru Miyamoto, the famous creator of Super Mario and Legend of Zelda titles, will become a Creative Fellow.
We eagerly expect to see whether Nintendo will make the dynamic comeback in the markets that it craves for.