There's a changing of the guard at Nintendo, with company president Tatsumi Kimishima retiring after two-and-half years in the job.

Kimishima, 68, has been replaced by Nintendo and The Pokémon Company board member Shuntaro Furukawa, 46.

Nintendo of Europe boss Satoru Shibata, once a regular presenter of local Nintendo Direct broadcasts, is also leaving his post as part of the reshuffle. He's headed back to Nintendo headquarters in a more senior role.

After 128 years, Furukawa is only the sixth president of Nintendo - following three generations of the founding Yamauchi family, Kimishima and his predecessor Satoru Iwata, the company's beloved leader through much of its modern era who sadly passed away in 2015.

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Tatsumi Kimishima, left, and the incoming Shuntaro Furukawa, right.

Kimishima was Nintendo's shortest-serving president - although he only stepped up in the wake of Iwata's death. In a meeting with shareholders today, Nintendo said the company had wanted to pass the baton to a younger leader - and to do so now its hardware sales had stabilised.

And, while short, Kimishima's tenure as boss arguably encapsulated one of the most pivotal periods in the company's recent history - following the flop of Wii U, he helped guide Nintendo Switch to sales success while growing the company's mobile output and securing deals to open Nintendo theme parks and release a Super Mario Bros. movie.

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Tom Phillips

Tom Phillips

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