Japanese supermarket operator Ito-Yokado has said it is to promote its senior managing director Sakae Isaka to the position of president and chief operating officer.
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Isaka will replace the current president Toshifumi Suzuki, who will become chairman and chief executive officer.
The company is set to officially approve the management changes at a board meeting to be convened after the 22 May shareholder meeting, reported Mainichi Daily News.
