The board of directors of AEON Stores (Hong Kong) Co., Limited announced that with effect from 28 March 2023, Mr. Isao Sugawara has resigned as the Managing Director of the Company and Mr. Takenori Nagashima has been appointed as the Managing Director of the Company. Mr. Sugawara, after having served on the Board since March 2021, will take up a new management post in a subsidiary of AEON Co. Ltd., the ultimate holding company of the Company, after his resignation.

Mr. Nagashima (aged 41) joined the Company as the Administration General Manager in May 2019 and has become the Executive Director in charge of Administration and Corporate Finance of the Company since October 2019. He joined AEON Retail Co. Ltd. in September 2004.

From 2011 to 2014, he was assigned to assume different positions related to various operations in AEON Co. Ltd. In September 2014, he was appointed as the Administration General Manager of, with responsibility of establishing its supporting team. Mr. Nagashima received his bachelor's degree from the International Cultural Exchange School of Fudan University.