TOKYO, Apr 06 (Pulse News Wire) – LY Corporation (4689.T) announced changes to its executive board ahead of its upcoming annual shareholders’ meeting scheduled for June 19. Meanwhile, the company appointed Shimosaka Ryosuke as CFO and Genichi Tamatsuka as an external director.
Additionally, Aki Shimizu was selected as an independent outside director responsible for audit committee duties, while Hiromu Tobita will serve as a substitute auditor. All appointments are subject to approval at the annual meeting. Shimosaka brings extensive experience in finance and accounting within the group, contributing significantly to capital policy formulation, M&A initiatives, and corporate governance enhancements.
His deep understanding of investor perspectives makes him well-suited for driving future growth strategies and strengthening corporate governance. Tamatsuka, with a robust background in leadership roles across multiple companies, possesses valuable insights into multi-faceted enterprise management and strategic planning. He is expected to offer beneficial advice for the long-term enhancement of the company's value.
The company also confirmed that current directors Yasuko Takahashi and Masako Hazumi will retire post-meeting due to term expirations, while Motohiro Usami’s tenure will conclude with the March 2027 shareholder meeting.
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