Japanese payment brand and credit card issuer
JCB has named Takao Kawanishi as its latest president and CEO,
succeeding Tamio Takakura with immediate effect.

Takakura, who had served as JCB’s president
and CEO for the last three years, continues to serve JCB as the
company’s chairman.

Kawanishi joined JCB in an advisory capacity
in May this year from the Bank of Tokyo-Mitsubishi UFJ, Japan’s
largest bank by assets, where he served as deputy president since
April 2008.

JCB International (JCBI) also announced the
appointment of Kawanishi as vice chairman at its shareholders’
meeting effective immediately. Chairman and CEO Takakura, and
Koremitsu Sannomiya, president and COO, will both remain in their
current roles.

Before joining JCB, Kawanishi held a number of senior
management roles including managing director since 2006, senior
managing director since 2007, and the most recent responsibility as
deputy president in the Bank of Tokyo-Mitsubishi UFJ.

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