Assignment of new representative directors
Investor Relations
Feb. 18, 2013
Assignment of new representative directors
The Board of Directors of Daito Trust Construction Co.,Ltd approved today the following changes in Directors and Executive Officers.
1. Directors and Executive Officers (as of April 1, 2013)
Name | New title | Current title |
Isao Minabe | Member of the Board of Directors | Representative Director and President |
Naomi Kumakiri | Representative Director and President | Senior Managing Director |
Hitoshi Kadouchi | Representative Director and Executive Vice President | Managing Director |
Note1: Current representative director and president, Isao Minabe, will resign his position as Director after the shareholders meeting that will be scheduled in late June 2013. This is due to Board of Directors’ internal rule that requires retirement at about 60 years of age.
Note2: Number of representative directors will become 2 people, to focus on the expansion of our business.
2. Background of this decision
We are currently engaged in the rental apartment construction, as well as tenant recruiting and the asset property management business. Also, our subsidiaries are involved in related businesses with good synergies.
We expect there will be more upside in these areas. Therefore speedy and strategic management will be needed for us to raise our corporate value. As a result we decided on our new two representative directors structure.
We expect there will be more upside in these areas. Therefore speedy and strategic management will be needed for us to raise our corporate value. As a result we decided on our new two representative directors structure.
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