International Business & Economy Uniqlo founder prefers a woman to succeed him as CEO

Uniqlo founder prefers a woman to succeed him as CEO

"The job is more suitable for a woman. They are persevering, detailed oriented and have an aesthetic sense," said Tadashi Yanai

Author

Date

Category

- Advertisement -

Tadashi Yanai expressed his preference for a woman to succeed him once he retires as CEO of Fast Retailing Co. which operates the global super brand Uniqlo.

The 70-year-old has frequently been asked about his succession plans at the company that began from his father’s humble tailor and grew into the ubiquitous brand in malls all over the world.

The job is more suitable for a woman. They are persevering, detailed oriented and have an aesthetic sense,” Yanai said in an interview with Bloomberg.

He also stated that he plans to increase the ratio of female senior executives to more than half the current total.

- Advertisement -

The company has six women holding such roles. Last year, it reached its target of having more than 30 percent of women in charge of management positions. Yanai has a 50 percent target of women in executive roles.

Prime Minister Shinzo Abe has addressed the shortage of women in Japan’s workforce. There is also a gender imbalance among top management roles in Japan where only 4.1 percent of women holding executive positions.

In June 2019, Uniqlo appointed 40-year-old Maki Akaida as the first female CEO for its Japan operations.

When asked whether Akaida is considered a potential successor, Yanai said “It’s a possibility.”

The company also said it plans to invest $1.8 million in a partnership with the International Labour Organization in order to support its factory workers in Indonesia. -/TISG

Which Countries Pay the Most at UNIQLO?

Send in your scoop to news@theindependent.sg 

- Advertisement -

First two out of group of ang mohs and foreigners fined over yacht party near Lazarus Island

A group of men and women were seen flouting safe-distancing measures while on a yacht at Lazarus Island on Dec 26 last year. The first two members of the group to face the court — Singapore permanent resident Mark Lau San...

Minor injuries for driver after SUV flips over on SLE

Singapore—A white sport utility vehicle (SUV) turned turtle on the Seletar Expressway (SLE) before the Woodlands Avenue 12 exit on Monday morning (March 1). One man sustained minor injuries in the incident. However, he refused an offer from the Singapore Civil Defence Force...

Monitor lizard eats python whole in Ulu Pandan canal, throws up and burps

Singapore – A monitor lizard was spotted eating a large python in Ulu Pandan canal. Passers-by watched, snapped pictures and pressed the video button, but guess who threw up his lunch? The lizard. The python proved too much to swallow. "Python hunted...

Send in your scoop to news@theindependent.sg 

Theindependent