Jerry Black is stepping down as president and chief executive officer of Kurt Salmon Associates Inc. to become executive advisor, then executive officer, of Aeon Co. Ltd., a $55 billion Tokyo-based retailer.
This story first appeared in the February 11, 2009 issue of WWD. Subscribe Today.
Black will remain at KSA, where he has worked for the last 14 years, through March 20 to help with the transition. John Karonis, managing director of KSA’s Retail and Consumer Products Group, will become president of that group but no ceo has been named.
Black, 49, said the move was largely a personal decision to move his family back to Japan, where he worked for KSA until six years ago. “Ultimately, life’s circumstances intervened and it became very important to move our family, including my Japanese wife, Sayuri, and our two sons back to Japan where they will have a much stronger family support structure,” he said in an e-mail to colleagues Tuesday.
“I have had the pleasure and honor to be part of KSA teams that have led major transformation initiatives with Aeon over the years,” Black said. “Now, one of their future directions is more diversification outside of Japan as well as reformulating the strategy.”
Based in Tokyo, Black will have three roles at Aeon: Aeon’s Group Holding Co. business strategy, IT strategy, and overseeing operations outside Japan. He starts March 21 and will report to Aeon’s president, Motoya Okada.