AUTOBACS SEVEN : Announces Changes and Additions to the New Management Structure and Organizational and Personnel Changes
January 18, 2023 at 06:40 am EST
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NEWS RELEASE
January 18, 2023
AUTOBACS SEVEN Announces Changes and Additions to the New Management Structure
and Organizational and Personnel Changes
(Translation of Major Points of Japanese Release)
January 18, 2023 (Tokyo, Japan) - AUTOBACS SEVEN Co., Ltd. (the "Company," Representative Director and Chief Executive Officer: Yugo Horii) announces following changes and additions to the "New Management Structure and Organizational and Personnel Changes" announced on December 26, 2022.
1. Reason for the Organizational Changes
Changes and additions are regarding to the Company's decision disclosed in today's news release "AUTOBACS SEVEN Announces Acquisition of Shares of AB System Solutions Co., Ltd. and Establishment of a Wholly Owned Subsidiary of DX Strategy" and abolishment of the "BACS BASE Project", in which the Company has decided to complete the development of "BACS BASE" and to start considering for new
initiatives.
2. Change in the New Management Structure (Effective on April 1, 2023) 1) Abolish IT Strategy / DX Strategy Officer.
This area is taken by AB System Solutions Co., Ltd. (New trade name: AUTOBACS Digital Initiative Co., Ltd. (hereinafter "ABDI")), which is scheduled to become a wholly-owned subsidiary on April 1, 2023.
New Structure (Today's
New Structure
Current Structure
Description
announcement)
（announced on Dec.
26, 2022）
1
－
General Manager of
Officer
Abolishment / Change
IT / DX
IT Strategy / DX Strategy
of Reporting Line
3. Additions to Organizational Changes（Effective on April 1, 2023）
Abolish Information Technology Strategy Department and Digital Transformation Strategy Department. This area is taken by ABDI, which is scheduled to become a wholly-owned subsidiary on April 1, 2023.
Abolish BACS BASE Project. This function and related assets are taken by CARS Business Department that reports to Executive General Manager of Car Trading Business.
New Department
Current Department
Description
1
－
Information Technology Strategy
Abolishment
Department
Digital Transformation Strategy
Department
2
－
BACS BASE Project
Abolishment
Disclaimer: Please note that this document is a summary translation of the Japanese press release and prepared for reference purposes only. We do not assure the correctness or completeness of this summary translation. Please note that this summary translation may be amended without notice, or be pulled from our website for such amendment purpose, etc., at our own discretion.
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Autobacs Seven Co. Ltd. published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 11:39:05 UTC.
Autobacs Seven Co Ltd is a Japan-based company primarily engaged in the retail and wholesale of automobile products, the purchase and sale of vehicles, the provision of vehicle inspection and maintenance services, as well as the loan credit business. The Company operates in four segments. The Domestic Autobacs segment is engaged in the wholesale of car products and the leasing of store facilities. The Overseas segment is engaged in the sales of car accessories, the provision of installation service and the maintenance of cars to general consumers. The Car, Dealers and B-to-B segment is engaged in the sales of imported cars, the purchase of used cars and the sales of the cars to second hand car dealers and others. The Others segment is engaged in the leasing business to domestic franchise chain affiliates.
AUTOBACS SEVEN CO., LTD. 
