Tokai Rika announced that, following the retirement of its current president, it will formally decide at a board meeting after next June's shareholders' meeting to appoint FTS's Isobe Toshiyuki (磯部 利行) as its new president. The top executive change will be the first in 7 years.
On the 5th, Tokai Rika announced that, following the retirement of its current president, it plans to appoint FTS's Isobe Toshiyuki (磯部 利行) as the new president. The formal decision is expected to be made at a board meeting after the shareholders' meeting scheduled for next June.
Mr. Isobe has built his position at FTS as President Isobe Toshiyuki (磯部 利行), 62, and his appointment as president of Tokai Rika will mark the first change at the top in 7 years.
The article provides no detailed explanation of the background or reasons, focusing on the date of the formal decision and the name of the incoming president.