H.I.S., a major travel company, announced that its founder Hideo Sawada, chairman and president, will retire from the president on March 1, and that Satoshi Yada, senior executive officer, will be promoted to the successor president.
H.I.S. held a board meeting on the 25th, and on March 1st, the founder Hideo Sawada, chairman and president, decided to retire from the president.
Mr. Sawada retired from the president once in 2004 after establishing his predecessor, a cheap airline ticket sales company, in 1980, but returned to management as chairman and president six years ago.
After he retires from the president on March 1, he will remain the chairman with the right of representation.
Regarding the reason for this change of president, the company said, "To flexibly develop the business and clarify the separation of management and execution. The fraud in benefits related to Go To Travel between the two subsidiaries that was revealed last year. It has nothing to do with the issue of receipt. "
Motofumi Yada, senior executive officer who will be appointed as the new president, is 60 years old from Hiroshima prefecture.
He has also been Chief Financial Officer since last year.
Due to the influence of the new coronavirus, the company has reached a record-high final deficit of more than 50 billion yen for one year until October last year, and under the new president, it will work to recover the sluggish business performance. Become.