US EditionSuntory says CEO Niinami resigns after police probe into purchase of supplement
- Takeshi Niinami, chairman and CEO of Suntory Holdings, resigned on Monday following a police probe into supplements he purchased.
- The investigation began after a July arrest in an illegal drug case and included a police search of Niinami's house in August.
- Suntory president Nobuhiro Torii held a news conference Tuesday, calling Niinami's actions very serious for corporate governance and unfit for leadership.
- Torii stated Niinami purchased the supplements believing they were lawful in Japan, but the company judged Niinami lacked proper awareness, making him unqualified as chairman.
- Niinami's resignation surprised the business community and highlighted the importance of Suntory's senior executives adhering to legal standards and exercising proper caution when acquiring supplements.
30 Articles
30 Articles
Suntory CEO Quits Amid Japan Drug Probe
Suntory Holdings chairman and CEO Takeshi Niinami resigned this week following a police investigation into allegations he purchased supplements containing illegal substances. Niinami, 66, one of Japan’s most prominent business leaders, said he believed the supplements he bought in the United States were legal cannabidiol (CBD) products. Japanese authorities suspect the items may have contained tetrahydrocannabinol (THC), the psychoactive compoun…
Niinami Takeshi (66), chairman of the Japan Association of Corporate Executives, who resigned as chairman of Suntory Holdings on the 1st after becoming the subject of a police investigation into the purchase of suspected illegal supplements, held a press conference in Tokyo on the 3rd.
Suntory chairman resigns amid probe into possible illegal supplement | Honolulu Star-Advertiser
TOKYO >> The chair of the Japanese beverage giant Suntory has resigned amid a police investigation into his purchase of a supplement that could be illegal in Japan, the company said Tuesday.
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