RPGFan


RED Entertainment Announces Management Reshuffle and Goes Independent
12.01.05 - 5:17 PM

Only two weeks after RED Entertainment president Ouji Hiroi expressed his desire to go independent in 2006, his company today announced a major management reshuffle. The company's current chairman of board Teruhisa Hiroi will stay on the board as chairman without executive powers, while at the same time succeeding Hiroi as executive producer. Receiving exeutive powers, former president Yasuaki Naoshi will retain his current position and simultaneously serve as new chief executive officer. The head of RED's business management division Hirohito Horita has been appointed chief financial officer. To serve as auditor, the company hired Tetsuya Isozaki.

This new management team today announced, that it has reached a management buyout (MOB) agreement with Sega. The group of managers has acquired a 59.2% stake in the company from RED's parent company Sega which had previously held a 67% stake in RED. Following today's deal, Sega will continue to hold a 7.8% stake in the Tokyo-based company. At the same time, RED Entertainment emphasized, that its strategic relationship with Sega centering around the Sakura Taisen Project will continue in the future.


Back
Chris Winkler





Featured Content
Pillars of Eternity Review
Pillars of Eternity
Review
Blackguards 2 Review
Blackguards 2
Review
Random Encounter Episode 93
Random Encounter Episode 93
Podcast
Story of Seasons Review
Story of Seasons
Review
Xenoblade Chronicles X Preview
Xenoblade Chronicles X
Preview
Etrian Mystery Dungeon Review
Etrian Mystery Dungeon
Review
Music of the Year 2014: Day Seven
Music of the Year 2014
Day Seven
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes