Sega announced today that it's current president, Hideki Sato, has stepped down, following reports of the poor chap being blamed for the recently failed mergers. He is to set to gain a place on the executive committee, and will be replaced by Hisa Oguchi, one of Sega's top bods. Oguchi was previously CEO of Sega's "Hitmaker" development team, and will reach the big time if shareholders approve the move on June 27th.

Oguchi also took the chance to comment on Sega's future and a possible merger, he explained "In the USA we will consider whether we create a new unit or whether we get involved in a partnership. In the inland business [Japan], I believe that we can revive our operations from own strength."

The announcement follows the news that Sega are safe in the financial area of the company, they are turning profitable for the first time in 5 years.

It seems the future is looking good for Sega, we will have more news on the company, the new president and it's excellent portfolio of titles as it reaches us.