Our leadership

The Board of Directors (As of March 27, 2018)

The Board of Directors assumes responsibility in making decisions for important issues including Group strategy as well as supervising all the activities of the Group. Currently, we have seven directors including two independent outside directors.

  • Yasutake Tango

    Yasutake Tango

    Chairman of the Board

    Open profile
    1. Mr. Tango began his career at Japan’s Ministry of Finance in 1974. He served as Executive Secretary to Prime Minister Junichiro Koizumi from 2001 to 2006, and in 2008 was appointed Director-General of the Budget Bureau. He was promoted to Administrative Vice Minister of the Ministry of Finance in 2009.

      Mr. Tango became Chairman of the Board of Directors of JT in 2014 after having served as Corporate Auditor for The Yomiuri Shimbun Holdings from 2010 to 2012.

      He also serves as Outside Director for The Ogaki Kyoritsu Bank, Ltd. and is Chairman and Principal of Kaisei Junior & Senior High School, one of Japan’s leading preparatory schools.

      Mr. Tango is a graduate of the University of Tokyo’s Faculty of Law. He is a keen hiker and outdoor enthusiast.

  • Masamichi Terabatake

    Masamichi Terabatake (*)

    Representative Director and President, Chief Executive Officer

    Open profile
    1. Mr. Terabatake joined JT in 1989 and held senior positions in the Manufacturing Division before becoming Director of Corporate Planning in 1998. He played a key role in the acquisition of R.J. Reynolds International (RJRI), and relocated to Geneva in 1999 to lead the JT International-RJRI Integration Project following the transaction.

      Returning to Japan in 2002 as Vice President of the Tobacco Business Manufacturing Division, Mr. Terabatake was directly involved in the formulation of JT’s medium-term plan for April 2003 to March 2006. “Plan V”, as it was known, remains a case study in JT’s ability to anticipate changes in the operating environment and take decisive action, building profitability and expanding globally.

      Mr. Terabatake became Vice President of JT’s Corporate Strategy Division in 2008. He was promoted to Senior Vice President and Chief Strategy Officer in 2011, and two years later returned to Geneva as Deputy CEO and Executive Vice President of Corporate Strategy at JT International. Emerging Products was added to his portfolio in 2014, and in 2017 he was appointed to JT’s Global Tobacco Strategic Committee, a new initiative to facilitate the growth of JT Group’s tobacco business. He was appointed President and CEO of JT in January 2018.

      Mr. Terabatake is a graduate of Kyoto University’s Faculty of Engineering. In his free time he enjoys fishing and playing golf.

  • Mutsuo Iwai

    Mutsuo Iwai (*)

    Representative Director and Executive Vice President

    Open profile
    1. Mr. Iwai joined JT (Japan Tobacco and Salt Public Corporation) in 1983, and over the past thirty-five years has held senior positions across divisions and business units. In 1997, he was part of the committee that developed the 4S Model, which identifies and commits to serving JT’s four stakeholder groups. More than 20 years later, the model’s principles still guide the Group’s strategic direction. In 2002 and 2003, he again played a key role in the formulation of JT’s management strategy, contributing to the development of “Plan V”, JT’s pivotal medium-term plan for April 2003 to March 2006.

      Mr. Iwai served as Vice President of the Corporate Planning Division in 2003. He was appointed to the Board in June 2006 and promoted to Executive Vice President and President of the Food Business. After serving a series of management positions, including Senior Vice President and Chief Strategy Officer, he moved to Switzerland in 2011 to take a position at JT International. Returning to Japan in 2013, he became Senior Executive Vice President and Chief Strategy Officer.

      Mr. Iwai took up his current position as Executive Vice President, Representative Director, and President, Tobacco Business Headquarters in March 2016. He is also Chairman of JT International Group Holding B.V.

      Mr. Iwai is a graduate of the University of Tokyo’s Faculty of Economics. He enjoys cigars and listening to classical music.

  • Naohiro Minami

    Naohiro Minami (*)

    Representative Director and Executive Vice President

    Open profile
    1. Mr. Minami joined JT in 1986. In 2005 he was promoted to Vice President, Accounting Division and Controller, positions he continued to hold when he became Deputy Chief Financial Officer in 2010. He was appointed Senior Vice President and CFO in 2012. As a senior executive, Mr. Minami has helped ensure consistent management across the group since JT’s acquisition of Gallaher in 2007.

      Mr. Minami was instrumental in laying the groundwork for JT’s adoption of International Financial Reporting Standards in 2012. The initiative placed JT among Japan’s earliest adopters of IFRS and addressed investor demand for a common benchmark with which to evaluate the company against overseas peers.

      Mr. Minami was appointed Executive Vice President in January 2018, and became a Representative Director in March 2018.

      Mr. Minami is a graduate of Doshisha University’s Faculty of Law. In his leisure time he enjoys driving and reading.

  • Kiyohide Hirowatari

    Kiyohide Hirowatari (*)

    Representative Director and Executive Vice President

    Open profile
    1. Mr. Hirowatari joined JT in 1989. From 1995 to 1997, he was seconded to Japan’s Ministry of Finance where he was involved in industrial policy planning and analysis. Returning to JT in 1997, he worked for 17 years in the Legal Division, playing key roles in numerous M&A and other strategic transactions in the tobacco, food & beverage, and pharmaceutical sectors. In 2010 he was promoted to Vice President of the Legal Division, and became a Senior Vice President in 2012. He also served as Chief Legal Officer from 2012 to 2014.

      In January 2015, Mr. Hirowatari was appointed Senior Vice President, Head of Business Planning Division at the Tobacco Business, and in January 2017 became Senior Vice President of the Human Resources Division. He was appointed Executive Vice President in January 2018, and became a Representative Director in March 2018.

      Mr. Hirowatari is a graduate of Hitotsubashi University’s Faculty of Law. He enjoys American football and is an avid supporter of college football.

  • Main Kohda

    Main Kohda

    Outside Director of the Company

    Open profile
    1. Ms. Kohda has a deep understanding of the financial industry developed over a long career on the front lines of international financial and capital markets. Her career included spells at US banks and securities firms, working in fixed income trading and foreign multicurrency bond sales, before taking a new turn when she became a published author in 1995.

      In parallel with her writing career, Ms. Kohda’s recognized expertise in financial markets led to her appointment to the Financial System Council of Japan’s Ministry of Finance in 2003 and the Tax Commission of the Cabinet Office of the Government of Japan in 2006. She has also served as a Visiting Professor at Shiga University’s Faculty of Economics, a member of the Policy Board of Japan’s Ministry of Land, Infrastructure and Transport, and a member of the Board of Governors of Japan Broadcasting Corporation (NHK).

      Ms. Kohda has been an Outside Director to JT’s Board of Directors since June 2012. She serves concurrently as an Outside Director at LIXIL Group Corporation and an Outside Director at Japan Exchange Group, Inc. (JPX).

  • Koichiro Watanabe

    Koichiro Watanabe

    Outside Director of the Company

    Open profile
    1. Mr. Watanabe began his career at The Dai-ichi Mutual Life Insurance Company in 1976. He became a member of that company’s Board in 2001 and pursued a multi-stakeholder management style through company-wide social responsibility initiatives. Appointed Director, Managing Executive Officer in July 2007, Mr. Watanabe worked to accelerate the growth of the company’s global business through overseas M&A.

      In 2010, Mr. Watanabe led The Dai-ichi Mutual Life Insurance Company’s reorganization as a joint-stock company and its subsequent listing on the First Section of the Tokyo Stock Exchange. He was appointed Representative Director and President of the newly formed The Dai-ichi Life Insurance Company, and in 2015 oversaw its acquisition of Protective Life Corporation. In 2016, he led Dai-ichi’s transition to a holding company structure, creating an operating framework that responds more flexibly to changes in the business environment. He became Representative Director and President of Dai-ichi Life Holdings that same year and has been Chairman of the Board at both The Dai-ichi Life Insurance Company and Dai-ichi Life Holdings since 2017.

      Mr. Watanabe was appointed to JT’s Board of Directors as an Outside Director in March 2018.

      Mr. Watanabe is a graduate of Tohoku University’s Faculty of Economics. In his spare time, he enjoys playing golf. He holds dan ranks in both kendo and karate.

The directors marked with (*) are also executive officers.

The Audit & Supervisory Board (As of March 27, 2018)

Entrusted by shareholders and ensured of its autonomy, the Audit & Supervisory Board conducts accounting audits as well as operating audits. Currently, we have four audit & supervisory board members including two independent outside audit & supervisory board members.

  • Ryoko Nagata

    Standing Audit & Supervisory Board Member

    Open profile
    1. Ms. Nagata joined JT in 1987, beginning her career in the Pharmaceutical Business and the HR Division. From 1996 to 1999, she worked in operations and marketing at Burger King Japan Inc., a joint venture between Burger King and JT.

      In 1999, she was appointed General Manager of the Product Group in the Food Business with responsibilities for development and marketing planning of frozen food products. In 2008, she was appointed Senior Vice President, Beverage Business, becoming a member of the Executive Committee and guiding the Beverage Business to record sales volumes. In 2013, she was appointed Senior Vice President in charge of CSR, leading a number of key initiatives relating to materiality, human rights, and sustainability reporting, and driving the CSR agenda throughout the JT Group.

      Ms. Nagata holds a Bachelor's Degree of Arts in Psychology from the University of Waseda and a Master’s Degree of Science in Agricultural Economics from the University of Florida. She enjoys playing and travelling with her dog and is a keen gardener.

  • Tomotaka Kojima

    Standing Audit & Supervisory Board Member

    Open profile
    1. A former Japan Ministry of Finance official, Mr. Kojima joined JT in 2002 as the Deputy Head of the Finance Group.

      He joined the General Secretariat of the National Personnel Authority in 2004, serving as Deputy Director-General of the Employee Welfare Bureau (2004-2007), Deputy Director-General of the General Secretariat (2007-2008), and Director General of the Equity and Investigation Bureau (2008-2009).

      Mr. Kojima is an active member of the Japan Association of Corporate Directors, serving as Executive Secretary from November 2010 to June 2013 and driving initiatives to promote corporate governance as a mechanism for corporate growth in Japan. He was appointed to his current position as Standing Audit & Supervisory Board Member at JT in June 2013.

      Mr. Kojima is a graduate of The University of Tokyo’s Faculty of Law.

  • Yoshinori Imai

    Audit & Supervisory Board Member
    (Outside Audit & Supervisory Board Member)

    Open profile
    1. Mr. Imai joined the Japan Broadcasting Corporation (NHK) in 1968. During a long and distinguished career, which included a period as host of Nationwide Morning News (1993 to 1995) and a posting at the broadcaster’s European bureau in London, Mr. Imai rose to Director General of the International Planning & Broadcasting Department in 2000 and Executive Editor for News Analysis and Commentary in 2003.

      From 2008 to 2011, Mr. Imai served as Executive Vice President of NHK, a role that gave him unique access to political and economic affairs at a global level. Mr. Imai brings the insights and experience gained in that role to his current position as Outside Audit & Supervisory Board Member at JT, which he has held since 2011.

      Mr. Imai graduated from Keio University with a major in economics and a minor in journalism.

  • Hiroshi Obayashi

    Audit & Supervisory Board Member
    (Outside Audit & Supervisory Board Member)

    Open profile
    1. Mr. Obayashi has served as a member of JT’s Audit & Supervisory Board since 2015. He serves concurrently as an Outside Audit & Supervisory Board Member of Daiwa Securities Co. Ltd. and Nippon Steel & Sumitomo Metal Corporation, and as an Outside Director of Mitsubishi Electric Corporation.

      A highly respected public servant, Mr. Obayashi began his career as a public prosecutor in 1972. He held a number of senior positions at Japan’s Ministry of Justice, including Director-General of the Criminal Affairs Bureau and Vice-Minister of Justice, before his appointment as Prosecutor General. He retired from the Prosecutor General’s office at the end of 2010 and has been an attorney at law since 2011.

      Mr. Obayashi is a graduate of Hitotsubashi University’s Faculty of Law.

Executive officers (As of March 27, 2018)

JT employs an executive officer system to ensure effective and efficient management by promptly responding to changes in the operating environment and, thus, increase corporate value. Executive officers are appointed by the Board of Directors. At the same time, the board assigns certain responsibilities and delegates relevant authorities to executive officers in accordance with the Rules Defining the Extent of Responsibility and Authority.

President

  • Masamichi Terabatake

    Chief Executive Officer

Executive Vice Presidents

  • Mutsuo Iwai

    President, Tobacco Business

  • Naohiro Minami

    Chief Finance Officer and Communications

  • Kiyohide Hirowatari

    Compliance, General Affairs, Legal, Corporate Strategy, IT, CSR, Human Resources and Operation Review & Business Assurance

Senior Vice Presidents

  • Ryoji Chijiiwa

    Compliance and General Affairs

  • Chito Sasaki

    President, Japanese Tobacco Business, Tobacco Business

  • Kazuhito Yamashita

    Head of China Division, Tobacco Business

  • Shiroji Maeda

    Chief Marketing & Sales Officer, Tobacco Business

  • Junichi Fukuchi

    Corporate, Scientific & Regulatory Affairs Division, Tobacco Business

  • Takehisa Shibayama

    Chief R&D Officer, Tobacco Business

  • Hirakazu Otomo

    Manufacturing Group, Tobacco Business

  • Kenji Ogura

    Head of Leaf Procurement Group, Tobacco Business

  • Hiroyuki Ikuma

    Head of Quality Assurance Group, Tobacco Business

  • Muneaki Fujimoto

    President, Pharmaceutical Business

  • Shigenori Ohkawa

    Head of Central Pharmaceutical Research Institute, Pharmaceutical Business

  • Haruhiko Yamada

    Legal

  • Yuki Maeda

    Corporate Strategy and IT

  • Takehiko Tsutsui

    Business Development

  • Kei Nakano

    Communications

  • Takanori Kikuchi

    General Affairs

  • Chigusa Ogawa

    CSR

  • Koichi Mori

    Human Resources