Tecmo Koei's Kenji Matsubara has quit his position as CEO, the Japanese developer has announced today.
Co-founder Yoichi Erikawa has taken over the post, effective immediately, while Matsubara will remain a director until November 30, when he'll resign.
The announcement came in conjunction with Tecmo's Koei Holding's earnings, which showed that the company had garnered 11,069 million yen for the six months ended September 30 - a 27.5% year-on-year drop.
The firm's loses increased from 349 million yen to 1,097 million yen.
Tecmo Koei said in a statement that Matsubara cited "personal reasons" for his departure.