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YAMAUCHI RETIRES! Iwata Becomes President!

by Mike Orlando - May 24, 2002, 1:01 am EDT
Source: Bloomberg

Nintendo's president Hiroshi Yamauchi stepped down today, and has been replaced by Satoru Iwata!

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Nintendo Names Iwata New President After Yamauchi Steps Down

Osaka, May 24 (Bloomberg) -- Nintendo Co., the world's second- largest video-game maker, said Satoru Iwata will become president at the end of the month, replacing Hiroshi Yamauchi who served in that post for more than 50 years.

Iwata, 42 years old, currently serves as a board member at the Kyoto-based company and is head of Nintendo's business planning department. Iwata joined Nintendo in June 2000.

For the entire article from Bloomberg, click on the link above.

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