In a brief statement today, Nintendo has announced that Satoru Iwata, President of Nintendo, has passed away on July 11.
In the statement (found below), the cause of death was given as bile duct growth. Iwata was forced to miss E3 last year due to surgery on the growth and a tumor. He joined the company in 1980 and was promoted to Director in 2000, before becoming President in 2002.
Stay tuned for more details on this developing story.