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





Coming Up on Twitch

Final Fantasy XIV Patch 4.1
Sunday, October 15 • 10am PDT/1pm EDT

Final Fantasy XII: The Zodiac Age
Mondays • 6pm PDT/9pm EDT

Vandal Hearts
Tuesdays • 12pm PDT/3pm EDT

Surprise!
Tuesdays-Saturdays • 5pm PDT/8pm EDT

Featured Content
Etrian Odyssey V: Beyond the Myth Review
Etrian Odyssey V: Beyond the Myth
Review
Pillars of Eternity: Complete Edition Review
Pillars of Eternity: Complete Edition
Review
Random Encounter 134
Random Encounter 134
Podcast
Bad Apple Wars Review
Bad Apple Wars
Review
Retro Encounter 104
Retro Encounter 104
Podcast
Blue Reflection Review
Blue Reflection
Review