According to a report on Japanese Web site Manichi Interactive, Nintendo president Hiroshi Yamauchi--who is now 74 years old--is considering stepping down from his position after the Nintendo shareholders meeting in June. However, a replacement has not been announced for Yamauchi, and he has continually pushed back his retirement, as his initial plan was to step down sometime in 2001. Yamauchi originally took control of Nintendo in 1949, when it was still actively involved in the playing card business.
We'll continue to follow the story as it develops.