TOKYO — Shiseido Co. Ltd. said Monday that president and chief executive officer Hisayuki Suekawa is stepping down at the end of the month for health reasons.
Shiseido said that chairman Shinzo Maeda will resume his role as president of the company as of April 1. Maeda, 66, was president and ceo prior to Suekawa’s appointment in January 2011 as the company put into action its succession plan. This management shake-up marks the end of Suekawa’s two-year tenure at a difficult time for the Japanese company, which is currently underperforming both in its native Japan and abroad, particularly in China.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)