Nintendo's Satoru Iwata remains firmly entrenched as President and CEO, having been re-elected by shareholders at the company's 74th annual general meeting (AGM) yesterday. The current nine members of Nintendo's board of directors (which include game designer Shigeru Miyamoto) also retain their positions, and in fact welcomes a new member in Corporate Auditor Naoki Mizutani.
The executive has faced a plummeting approval rating from investors compared to the rest of Nintendo's board, no doubt in light of slow Wii U sales and annual losses which have plagued the company for three years straight. Yet Nintendo walked away from E3 2014 looking sharp, and Mario Kart 8's global sales have also proven to be encouraging factors which could set the stage for improvement.
For at least another year, Iwata will have the opportunity to oversee Nintendo try to return to some semblance of profitability and reinvigorate business through new initiatives like amiibo and the curious "quality of life" platfrom.
As reported earlier, Iwata himself had to miss out on the AGM while he recovers from his recent bile duct surgery.