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JCB Appoints Ichiro Hamakawa as President and Chief Executive Officer Succeeding Takao Kawanishi; Kawanishi Named Chairman



Tokyo, June 30, 2014 - (ACN Newswire) - JCB Co., Ltd. (JCB), the only global payment brand based in Japan, today announced the appointment of Ichiro Hamakawa as President and Chief Executive Officer (CEO) effective June 26 after approval at the shareholders' meeting in Tokyo held on June 26. Mr. Hamakawa succeeds Takao Kawanishi, who was JCB's President and CEO for 4 years since 2010. Mr. Kawanishi continues to serve as the company's Chairman.

Mr. Hamakawa joined JCB in an advisory capacity in May 2014 from Mitsubishi UFJ Financial Group, where he was Senior Managing Director, Chief Planning Officer. In his 36-year career, he has held a wide range of leadership positions primarily in corporate planning, including Executive Officer and General Manager at UFJ Holdings, Managing Executive Officer and Deputy Chief Executive of Retail Banking Business Unit at the Bank of Tokyo-Mitsubishi UFJ, and Managing Director Chief Planning Officer at Mitsubishi UFJ Financial Group.

JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, also announced the appointment of Mr. Hamakawa as Vice Chairman effective today. Mr. Takao Kawanishi, Chairman and CEO, and Mr. Koremitsu Sannomiya, President and Chief Operating Officer, will both remain in their current roles.

About Ichiro Hamakawa

Education:

Bachelor of Arts in Economics (March, 1978), Kyoto University
MBA (June, 1984), Harvard University Graduate School of Business

Professional Career:

Apr 1978 Joined The Sanwa Bank, Ltd.
Jan 2002 General Manager, Kojimachi Corporate Banking Office, UFJ Bank, Ltd. (upon merger with The Tokai Bank, Ltd.)
May 2005 Executive Officer and General Manager, Group Planning Department and General Manager, Integration Planning Office, UFJ Holdings
Oct 2005 Executive Officer and General Manager, Corporate Planning Department, UFJ Bank, Ltd.
Oct 2005 Executive Officer and General Manager, Corporate Planning Division, Mitsubishi UFJ Financial Group (upon merger with Mitsubishi Tokyo Financial Group)
Jan 2006 Executive Officer and General Manager, Business & Systems Integration Division and General Manager, Corporate Planning Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (upon merger with The Bank of Tokyo-Mitsubishi, Ltd.)
Jan 2009 Managing Executive Officer and Deputy Chief Executive, Retail Banking Business Unit
May 2010 Managing Executive Officer, Group Head, Corporate Banking Group No.2
May 2011 Managing Executive Officer, Mitsubishi UFJ Financial Group
Jun 2011 Managing Director, Chief Planning Officer
May 2012 Senior Managing Director, Chief Planning Officer
May 2014 Joined JCB Co., Ltd. as Adviser
Jun 2014 President and CEO, JCB Co., Ltd. and Vice Chairman, JCB International Co., Ltd., a JCB subsidiary

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 26 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 84 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english

Note: JCB statistics included in About JCB are as of the end of March 2014.

Contact:
Ayako Tanaka
Corporate Planning
JCB International Co., Ltd.
+81-3-5778-8390
[email protected]

Source: JCB

Copyright 2014 ACN Newswire. All rights reserved.

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