[Theao] Announces Executive Changes | May 2026

Overview of Executive Changes

Theao Corporation's Board of Directors, held on May 12, 2026, resolved to implement executive personnel changes. Candidates for new directors include Kazuo Maeno, Director of Finance, and Hideo Shimizu, formerly of the New Otani Hotel, both scheduled for formal appointment at the shareholder meeting on June 26, 2026. Mr. Maeno joined the company in 2020 and has served as Director of Finance, while Mr. Shimizu has extensive experience as an executive in the hotel industry. The scheduled departure is Director and Managing Executive Officer Takahiro Matsumura, who is expected to become President of Osaki Redevelopment Building Co., Ltd., on June 17, 2026.

Future Outlook and Impact

These executive personnel changes aim to strengthen management and promote business strategy. Once formally approved, operations under the new structure are expected to proceed smoothly. Based on the backgrounds of the new officers, their combined experience in finance and hotel management should contribute to the company's sustainable growth. Mr. Matsumura, who is resigning, is expected to continue involved in other roles and business activities.