Nintendo president Satoru Iwata now also CEO of Nintendo of America

Current chairman and CEO of Nintendo of America, Tatsumi Kimishima, is set to become managing director of Nintendo Co. Ltd., pending shareholder approval, Nintendo announced today.

Global President Satoru Iwata will absorb Kimishima's responsibilities, including the CEO of Nintendo of America title. Nintendo of America president and COO, Reggie Fils-Aime, will remain in his current positions and will report to Iwata.

According to a Nintendo press release, the changes will "allow streamlined decision making" and "enhance Nintendo's organizational agility in the current competitive environment."

Once the promotion is approved, Kimishima will take on the roles of retiring Nintendo executives Yoshihiro Mori and Masaharu Matsumoto, who held the positions of general manager of Corporate Analysis and Administration, and general manager of the General Affairs Division, respectively.

Kimishima, who is currently a director of Nintendo Co. Ltd., will relocate to Nintendo headquarters in Kyoto, Japan from his current base in Redmond, Washington, and is expected to start his new position this summer.

The soon to be managing director started working for Nintendo in Japan in 2000, he was then made president of Pokémon USA in 2001. Kimishima became president of Nintendo of America in 2002 and was promoted chairman and CEO in 2006.