Beleaguered Japanese meat processor Nippon Meat Packers yesterday [Tuesday] confirmed that its founder and chairman, Yoshinori Ohkoso, will step down, while his son Hiroji Ohkoso will be demoted from his position of president.
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The company is responding to damage to its reputation following a beef mislabelling scandal which came to light recently. Japan’s largest sausage, maker, Nippon Meat Packers faced a backlash which saw several leading supermarkets pull its products from their shelves. The group’s share price has fallen by some 35%, reported Reuters.
Chairman Ohkoso will step down on 1 September to become honorary chairman, while his son will be demoted to senior managing director. Managing director Yoshikyo Fujii will be promoted to president.
