Japanese pachinko hall operator Dynam Japan Holdings Co Ltd on Wednesday announced the appointment of Kohei Sato as its new chairman. He was previously chief executive, and retains that role, Dynam Japan said in a Hong Kong filing.
Kohei Sato replaces Yoji Sato as chairman, the latter being now named senior corporate advisor of the board. Yoji Sato is also retiring as a member of the firm’s remuneration and nomination committees.
Yoji Sato, who joined the company in 1970, has served as an executive director of Dynam Japan since September 20, 2011. He was primarily responsible for the overall strategic planning and the management of the company’s business operations.
The pachinko hall operator also announced the appointment of Haruhiko Mori as an executive director with effect from June 24, following the company’s annual general meeting. Dynam Japan additionally announced several changes to the composition of its board committees.
The changes were announced a day after Dynam Japan said it is planning to enter the “resort development business” in Japan. “A resort development basic plan will be prepared during the business year of 2015 with the aim of budgeting for the business year of 2016,” the company said on Tuesday.
Dynam Japan operated a total of 393 pachinko halls in 46 prefectures across Japan as of March 31, 2015, according to previous filings.
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