With the current chairman of Nintendo of America, Tatsumi Kimishima, set to move over to his new position as managing director of Nintendo Co. Ltd. - assuming shareholders approve the move (which they likely will), Nintendo wants to move its global president Satoru Iwata into the role. More specifically he will absorb Kimishima's current responsibilities as the CEO of Nintendo of America. Nintendo of America president and COO, Reggie Fils-Aime isn't going anywhere, and will remain in his current positions, reporting directly to Iwata.
According to Nintendo, this executive reshuffle will "allow streamlined decision making" and "enhance Nintendo's organizational agility in the current competitive environment."
Kimishima will take on the roles of retiring Nintendo general manager of Corporate Analysis and Administration Yoshihiro Mori, and general manager of the General Affairs Division Masaharu Matsumo. Kimishima 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.
Kimishima became president of Nintendo of America in 2002 and was promoted chairman and CEO in 2006.