Japan Faces Succession Woes With Oldest Corporate Chiefs: ChartBy
Japan has the oldest corporate chieftains among the world’s top 10 stock markets, with an average age of 62.4 compared with just 53.2 in the U.K., according to data compiled by Bloomberg. That’s been a problem for the next generation of leaders like Nikesh Arora, who had hoped to take over the reins of SoftBank Group Corp. from founder Masayoshi Son. The oldest CEO of a Japanese company with a market value of at least $1 billion is 90-year-old Nobutsugu Shimizu, who runs supermarket chain Life Corp., followed by Shintaro Tsuji, the 88-year-old who oversees Sanrio Co.’s Hello Kitty empire, the data show.
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