Nintendo announced that it has appointed Satoru Iwata as Nintendo of America CEO in addition to his current position as global president. He will take over the position from Tatsumi Kimishima, who has been reappointed general manager of Nintendo Japan.

Nintendo of America president and chief operating officer Reggie Fils-Aime will report directly to Iwata. All of these changes are predicated by Nintendo’s recent fiscal report, where the Wii U and 3DS missed sales targets.