Tsuyoshi Niinami (left) and Nobuhiro Torii shake hands firmly with both hands.
Suntory Holdings has announced new executive appointments effective March 2025.
Nobuhiro Torii, a member of the company’s founding family and current vice president, will be promoted to new president, Tsuyoshi Niinami, current president, will become chairman, and current chairman Nobutada Saji will remain in office and become chairman of the board of directors. On December 12th, an emergency press conference was held and the announcement was made to reporters. The personnel decision was made at the board of directors meeting on the day of the press conference.
The press conference began with a speech by Tsuyoshi Niinami.
Mr. Niinami said, “We had made it clear for two years that the next president would be Nobuhiro Torii,” and looked back on the 10 years since he took office as president in October 2014, saying that his predecessor, Nobutada Saji ( He mentioned the corporate integration that has continued since the approximately 1.6 trillion yen acquisition of US Beam, which was undertaken by the company’s current chairman.
At the time, large-scale acquisitions of American companies by Japanese companies continued to be difficult, but “over the course of five years, Beam’s corporate value grew to over 5 trillion yen, triple the time of the acquisition.” “The integration with Beam was a touchstone for the Suntory Group to become a truly global company.”
Tsuyoshi Niinami (left), the current president of Suntory HD, and Nobuhiro Torii, who will become the new president in March 2025. During the press conference, Niinami was often seen smiling.
Meanwhile, during the Q&A session, Nobuhiro Torii, who will be promoted to the new president, talked about his feelings when he was approached by the new president.
“First, Chairman Saji told me, “Do your best (as the new president),” and I said, “I’ll do my best.” At that time, I didn’t really feel it.When President (Niinami) told me again, I said, “This is great.” Let’s tighten our funds again, or go back to the basics and get our feet on the ground again.” (Nobuhiro Torii)
He commented that he had renewed his resolve.
Upon taking office as the new president, he said, “I will take on the challenge boldly, standing at the head of the group’s 40,000 people, with a strong sense of ownership, in line with the message that I always tell my employees, “Tackle things as if they are your own.” I would like to proceed while having fun and having fun, rather than letting it happen,” he said of his aspirations.
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Source: BusinessInsider
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