By  on March 7, 2017
The Isetan store in Tokyo

TOKYO — Isetan Mitsukoshi Holdings said March 7 that its president and chief executive officer, Hiroshi Onishi, will step down from his position. The company said the reason for the change is “to attempt to elevate the business value even more by implementing a complete change of the management structure.”

Onishi will remain ceo until the end of this month, and will be succeeded by Toshihiro Sugie on April 1. Onishi will remain a member of Isetan Mitsukoshi’s board for the time being, but is expected to retire from that position at the shareholders’ meeting scheduled for June.

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