SNK has announced that CEO Kenji Matsubara is stepping down and will “transition” into an advisory role, after being in the position since 2021. His new role will allow him to “continue to lend his expertise and vision,” to the Japanese company, which has been owned by the Saudi Arabian MiSK Foundation since 2022.

SNK said in a statement:

“During his tenure as CEO, Mr. Matsubara has been instrumental in driving the company’s growth and innovation. He transformed SNK by expanding its development division and strengthening its sales and marketing functions, building it into a global publisher capable of competing worldwide.”

“The board expresses its deepest gratitude to Mr. Matsubara for his dedication and leadership during a transformative period in the company’s history,” continues SNK’s statement. “SNK Corporation remains committed to its strategic vision and is excited about the future as it enters this new phase of leadership.”

SNK’s board will now move to appoint the Chairman of the Board to assume the interim role of CEO.

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