Suntory announces resignation of Chairman and CEO Takeshi Niinami

Suntory announced that Takeshi Niinami has resigned from his position as Representative Director, Chairman & CEO, effective September 1. The company deeply apologizes for the concern and inconvenience this matter has caused to customers and all other stakeholders. “On August 22, the company received a report from Representative Director, Chairman & CEO, Takeshi Niinami that an investigation was conducted by the police. Recognizing this as a matter of grave governance concern, the company immediately had an outside legal counsel conduct an interview with him. During the interview, he explained that the investigation had been conducted regarding the supplements that were allegedly purchased by him under the understanding that they were legal. Given that the matter is under investigation, the company believes that the determination of the legality of the above supplements should be deferred to the authorities.”