Appointment of Professional Manager Tamatsuka as CEO of Japan Lotte Holdings

Uniqlo, Lawson, etc. served as representatives... Shin Dong-bin remains CEO and Chairman

[Asia Economy Reporter Lee Seon-ae] Japan Lotte's holding company Lotte Holdings has recruited professional manager Tamatsuka Kenichi (玉塚元一·59). He has served as CEO of leading Japanese companies such as clothing company Uniqlo and convenience store Lawson.

Lotte Holdings announced on the 19th that Tamatsuka was appointed as CEO and President.

Graduating from Keio University with a degree in Political Science, Tamatsuka began his career in 1985 at Asahi Glass (now AGC). In 1998, he moved to Fast Retailing, the operator of the mid-priced clothing brand Uniqlo, and attracted attention when he was appointed CEO and President of the company in 2002, about three years after joining.

In 2006, he became Chairman and CEO of Japan Lotteria, in 2011 Vice President of Lawson, and in 2016 CEO of Lawson.

Lotte Group Chairman Shin Dong-bin maintains his position as Chairman and CEO of Japan Lotte Holdings, and Lotte Holdings operates under a dual CEO system with Chairman Shin and President Tamatsuka.

Chairman Shin became Chairman of Japan Lotte Holdings in April last year. In July of the same year, President Tsukuda Takayuki (佃孝之) stepped down from the CEO position, and Shin took on the roles of Chairman, President, sole CEO, and Chairman of the Board, managing Lotte in both Korea and Japan.

It is known that considering the difficulty for Chairman Shin to frequently visit Japan due to the impact of COVID-19, an external professional manager was recruited.

Lotte Holdings stated, "We highly value President Tamatsuka's insight in distribution business, branding business, and information technology (IT) fields," and explained, "We expect him to contribute to enhancing the corporate value of Japan Lotte Group through proactive and aggressive management activities."

This content was produced with the assistance of AI translation services.