JCB Appoints New President & Chief Executive Officer.Tokyo, Japan, June 27, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - JCB JCB Noun trademark, Brit a large machine used in building, that has a shovel on the front and a digger arm on the back [initials of Joseph Cyril Bamford, its manufacturer] JCB® n abbr Co., Ltd. (JCB) announced the appointment of Tamio Takakura as President and Chief Executive Officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) at its annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. in Tokyo held on June 26, effective immediately. Mr. Takakura succeeds Hiroya Nobuhara who had served as JCB's President and CEO for the past 4 years. Prior to this appointment, Mr. Takakura had been JCB's Deputy President since 2002. Before joining JCB, his career included close to 10 years of international banking management positions at the former Sanwa Bank. Mr. Nobuhara is retiring after 4 years of leadership at JCB as President and CEO having made substantial contributions to expand its wide-ranging business as a payment solution provider. JCB International Co., Ltd. (JCBI), the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of JCB for overseas business, also announced management changes at its annual shareholders' meeting in Tokyo held on June 27. Mr. Takakura succeeds Mr. Nobuhara as Chairman and Chief Executive Officer of JCBI. Kenji Seto, formerly Senior Deputy President, is appointed as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO (Cell Of Origin) See mobile positioning. ). Mr. Seto joined JCB in 2005 and JCBI in 2006, bringing 15 years of experience in the international banking industry at Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (SMBC, Mitsui Sumitomo Ginkō, 三井住友銀行) is a Japanese bank based in Tokyo, Japan. . Kunio Yoshizawa, who held the position of President and COO of JCBI for the past 4 years, is retiring after 13 years of dedication to the growth of JCB's presence in the overseas market. These appointments are also made with immediate effect. About JCB Co., Ltd. JCB is a major global payment brand and leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding overseas in 1981. Its merchant network includes 13.5 million merchants and spans 190 countries and territories. JCB cards are now issued in 20 countries and territories, with more than 55.75 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english. Source: JCB Co., Ltd. Contact: Kazumi KINOSHITA / Tomomi SAKAE Brand Promotion & Strategic Alliances Group International Strategy Planning Department JCB Co., Ltd. +81-3-5778-8390 kazumi.kinoshita@jcb.co.jp / tomomi.sakae@jcb.co.jp Japan Corporate News Network. All rights reserved. |
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