Shiseido CEO Resigns
Shiseido CEO Resigns
Shiseido Co. Ltd. said Monday that president and chief executive Hisayuki Suekawa is stepping down as of 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 chief executive prior to Suekawa's appointment in January 2011 as the company put into action its succession plan. This management shakeup 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.
Source: happi
Boutique executive search services with best in class global network, contacts and market mastery.
Deeply connected and engaged personal service approach, long-term investment in client community and 25 year history of strong relations with both Multi-National leaders and Private Equity partners.