Japan Airlines has confirmed the composition of the board of directors with the election of 18 directors, following the approval of the fourth annual general meeting of shareholders, held in Tokyo. The fourth annual general meeting of JAL Corporation shareholders held at the New Otani Hotel in Tokyo, was attended by a record 2,772 participants and lasted 2 hours 54 minutes.
The board composition announced today is confirmation of proposed changes originally announced on March 1st, 2006.
Accordingly, Haruka Nishimatsu, 58, was today elected the JAL Group’s new representative CEO and President. Nishimatsu was formerly senior vice president, finance and purchasing.
Toshiyuki Shinmachi, former JAL Group CEO, becomes Group chairman, without representation rights, effective from June 28.
Up to June 28, because of retirements there were only six serving board members of JAL Corporation, the JAL Group holding company. The number of board members has now been increased to a total of 18 directors. The reason for the increase is because of the desire of the management of the JAL Group to integrate the board of directors of JAL Corporation with those of its two main operating companies, Japan Airlines International and Japan Airlines Domestic, which are due to merge on October 1st, 2006. The board integration is being achieved by making each holding company director simultaneously a director and member of the board of one or both of the Group’s two main operating companies.