Nissui announces board and executive changes.
Japanese seafood giant, the Nissui Corporation, has announced a series of changes to its board of directors and executive officers, following a resolution at a board meeting held on 19 January.
The company said chairman of the board Shingo Hamada will retire from his role as representative director upon the expiry of his term as a director. His retirement is scheduled to take effect at the conclusion of Nissui’s 111th ordinary general meeting of shareholders on 25 June.
As part of the same process, Nissui has named several candidates for new director appointments, subject to shareholder approval at the June meeting and subsequent board resolutions. These include Yoichiro Hiroi, who is set to become director and chief financial officer, Hiroshi Inoue, who will assume the role of director and chief human resources officer, and Hirofumi Nakano, who is proposed as a director overseeing the food products business. Masahiko Ito has also been nominated as an outside director.
The company also confirmed that several current directors are scheduled to retire on 25 June, including Shingo Hamada, Shinya Yamamoto, Koji Umeda and outside director Tokio Matsuo.
In addition, Nissui announced changes among its executive officers, including the appointment of Yoshiyuki Sese as executive officer in charge of the production group from 1 March, and Keisuke Ushiyama as executive officer responsible for parts of the marine products business from 1 April. Masahide Asai is scheduled to be promoted to senior managing executive officer and chief operating officer for the marine products business from 1 April.
Nissui said the changes form part of its ongoing management structure review and will be implemented in stages between March and June this year, subject to the necessary approvals.
