Toho Chairman Matsuoka Resigns

Isao Matsuoka is stepping down as chairman of Japanese film studio Toho after more than 50 years with the company.

Matsuoka became president of the company in 1977 and successfully restructured the company to minimize the financial risks of producing movies, Variety reports. During his reign as chairman, Toho produced many monster films starring Godzilla and Mothra, and distributed films like Studio Ghibli’s My Neighbor Totoro, the Akira Kurosawa film Ran, and horror films including The Ring.

The son of a former president of the studio and grandson of the studio’s founder, Matsuoka will continue to serve as honorary chairman of Toho and chairman of the Federation of the Japanese Films Industry.