Former Square Enix CEO Yoichi Wada listed as Chairman of the Board

Former Square Enix CEO Yoichi Wada now Chairman of the Board
Former Square Enix Chief Executive Officer Yoichi Wada, who announced he would be stepping down as CEO in March after the company's "extraordinary" loss, has moved on to become... the company's Chairman of the Board. Square Enix's Japanese site has made note of the change.

To give this a little perspective, if the CEO is the captain of the ship, then the Chairman of the Board is the admiral of the fleet. It's the job of the board to work in the best interest of investors. Given recent events, this is the part where you totally have permission to laugh or cry. Your choice.

We've reached out to Square Enix for confirmation and comment.
[Image: Chirtsova Natalia via Shutterstock]

This article was originally published on Joystiq.