GamesIndustry.biz is reporting that former Nintendo president Hiroshi Yamauchi is to step down from his position on the Nintendo board of directors in June, but will continue to act as an advisor to the company. Yamauchi, the great grandson of Nintendo's founder, served as Nintendo's president for 52 years (1949 - 2002) and is credited with turning the playing card company into the video game leader that it is. According to the article Yamauchi was offered "Nintendo's standard director retirement benefit", worth between 1 and 1.5 billion Yen (US $9.5 million - $14.3 million), but turned it down, as he would "prefer to see the money reinvested in the company".