HIRSCH IS OUT AT TSUMURA
NEW YORK — Howard Hirsch has been let go as president and chief executive officer of Tsumura International, according to Motohiko Tsumura, chairman of the company.
Tsumura, who declined to comment on whether the company will show a profit for the current fiscal year, did admit that there was a possible connection between Hirsch’s release and the company’s bottom line. The fiscal year ends March 31.
Other company executives took the position that Hirsch’s departure had more to do with a corporate reorganization that began in Japan in June.
Tsumura also declined to comment on whether any other high-level executive changes are being contemplated.
Hirsch joined Tsumura in August 1989.
Tsumura said that the company is currently looking for both an acting and a permanent president, but declined to be more specific.
Hirsch, who was reached at his home, declined to elaborate on the circumstances surrounding his departure. He said he has no immediate plans.
Tsumura International, headquartered in Secaucus, N.J., is an independent subsidiary of the Japanese-based Tsumura & Co.