Daiei to pick managing director Hasumi for new president

TOKYO, Japan - Struggling retail giant Daiei Inc. is likely to appoint managing director Toshio Hasumi (in file photo) as successor to Kunio Takagi, who will resign as president to take the blame for its woes, informed sources said Oct. 20. Hasumi, 58, has built his career inside the retailing group's corporate structure, working mostly in planning and financial management.

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ILEA001105989

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2004/10/20 00:00:00

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Kyodo / Kyodo News Images

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2004 Kyodo News

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