AUTOBACS SEVEN Announces Change of Representative Director and Chief Executive Officer
June 20, 2016
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AUTOBACS SEVEN Co., Ltd. announced that the Board of Directors has resolved the change in its representative director and chief executive officer as follows. Kiomi Kobayashi has been appointed as Representative Director and Chief Executive Officer Chief AUTOBACS Chain Officer from Representative Director and Vice Chief
Executive Officer, Chief AUTOBACS Chain Officer and Setsuo Wakuda has been appointed as Senior Adviser from Representative Director and Chief Executive Officer, effective June 21, 2016.
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.