TOKYO | JCB Co., Ltd. (JCB), the only global payment brand based in Japan, appoints Ichiro Hamakawa as President and Chief Executive Officer (CEO). Mr. Hamakawa succeeds Takao Kawanishi, who was JCB's President and CEO for 4 years. Mr. Kawanishi continues to serve as the company's Chairman.
JCB international operations
JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, also announced the appointment of Mr. Hamakawa as Vice Chairman effective today. Mr. Takao Kawanishi, Chairman and CEO, and Mr. Koremitsu Sannomiya, President and Chief Operating Officer, will both remain in their current roles.
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 26 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 84 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. For more information, visit: www.jcbcorporate.com/english
Sourced from JCB press release, June 30th, 2014