JAPAN
JT appoints Terabatake president and CEO

JT confirmed Masamichi Terabatake has been appointed to succeed Mitsuomi Koizumi as president and chief executive officer at JT, pending approval of resolutions at a board of directors’ meeting on 27 November. JT plans for Koizumi to remain the company’s representative director until 27 March 2018 when Terabatake will assume this role, the company said.
Terabatake is currently deputy CEO and executive vice president of business development and corporate strategy at Japan Tobacco International.
Outgoing CEO Koizumi joined JT in 1981 and has served as president and CEO of the company for three terms since 2012 totalling 5 years and 6 months.
“[During this time] I have executed aggressive investments to strengthen the foundations of a global growth company. Another key area of focus for me has been development of our people, as our people are the most valuable assets of our Group,” Koizumi was quoted in the press release as saying.
“When assessing the business foundation of the JT Group, I judged that the right preparations have been made to hand over the management to the next generation. I decided to entrust JT Group’s future to Mr. Terabatake, who possesses strong global business sense and has demonstrated his ability as Deputy CEO and Executive Vice President, Business Development and Corporate Strategy of JTI,” he commented.

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