The President of Nintendo (Japan) has taken over the position of C.E.O at Nintendo of America. He will be replacing Tatsumi Kimishima, who has been promoted to a different area of the company. The reason for the change was explained as "an effort to enhance it's "organizational agility" and streamline international business". Reggie Fils-Aime remains the president of NoA, of course.
Must feel great to be an overlord to not only one