Japan's Welcia says president steps down due to 'inappropriate behaviour' (updated)
17/04/2024 02:11
(Adds comments from Welcia and Aeon statements in paragraphs 2
and 3)
TOKYO, April 17 (Reuters) - Japanese drugstore operator
Welcia Holdings 3141.T said on Wednesday President Tadahisa
Matsumoto has stepped down due to "inappropriate behaviour in
his private life".
Welcia, in a statement, cited "inappropriate conduct in his
private life that has been deemed detrimental to the company's
credibility," for Matsumoto's stepping down. It did not provide
further details.
Retailer Aeon Co 8267.T , which owns more than 50% of
Welcia, said separately it had dismissed Matsumoto as an
executive officer.
Matsumoto, 64, had been an officer of Welcia for 16 years,
according to LSEG data.
(Reporting by Kantaro Komiya and Rocky Swift; Editing by
Muralikumar Anantharaman)
((rocky.swift@thomsonreuters.com;))