Daiei's Nakauchi to give up presidency

Daiei's Nakauchi to give up presidency

Daiei Inc. founder and chairman Isao Nakauchi (R) meets the press in Tokyo on Jan. 20, saying he will relinquish day-to-day control of the struggling supermarket chain by giving his job as president to Vice President Tadasu Toba (L). Nakauchi apparently sought to assuage creditor banks, who have been unhappy about the performance of Japan's largest supermarket chain. ==Kyodo

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