Yamauchi joined Nintendo in 1949 and worked in an executive role until 2002. In the early seventies he became chairman and took Nintendo public.
Here’s what Nintendo’s current president Satoru Iwata said in a statement:
“Nintendo is in mourning today from the sad loss of the former Nintendo president Mr Hiroshi Yamauchi, who sadly passed away this morning”.
“We will continue to treasure the values Yamauchi taught us – that what makes you unique lies at the core of entertainment. And we at Nintendo will continue to change the company flexibly to adapt to the times, as Yamauchi did, to carry on his spirit.”
Nothing more to add. Rest in Peace Mr. Yamauchi!