Capcom names new CEO, president in West

Capcom started off its current fiscal year on a sour note. Peppering its earnings announcement with words like "stagnant," "sluggish," and "struggled," the publisher said that profit for the period plummeted 90 percent to ¥216 million ($2.5 million) during the April-June period, while revenue sank just over 2 percent to ¥19 billion ($222 million).

Following on from that rough quarter, the publisher announced today that it has named Kazuhiko Abe as president and CEO of Capcom USA and Capcom Europe. Abe replaces Hiroshi Tobisawa, who held the position since July 2007 and will remain at the company serving in a "special missions" role.

Abe joined Capcom in 2003 as general manager of management planning, having previously worked for a variety of other businesses such as The Mitsubishi Bank, Japanese telecom Hikari Tsushin, and financial software provider Intuit Kabushiki Kaisha (now known as Yayoi Co.). In 2006, Abe was appointed chief financial officer of Capcom's Japan arm.