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Fast Retailing, the Japanese multinational retail company behind Uniqlo, has appointed its current executive director and chairman Tadashi Yanai as CEO amid plans to accelerate growth.
Under this new role, Yanai will continue to lead the managerial decision-making and business expansion processes as well as continuing to guide the formulation and execution of management direction for the entire group.
In addition, Daisuke Tsukagoshi, who currently serves as global CEO of the daily operations of Uniqlo and a board member, has been appointed as executive director, president and COO.
The company said it aims to further strengthen management functions through the creation of a team that brings together managers in each market and accelerates a framework that drives the “company’s teamwork-focused Zen-in Keiei management principle”.
It added that it believes this framework will help ensure that all divisions coordinate effectively, and that all employees adopt a managerial mindset.
Yanai and Tsukagoshi will take on their new roles from 1 September.
