The Chairman and CEO of Suntory Holdings, the Japanese beverage giant known for brands like Maker’s Mark and Jim Beam, has resigned after allegations that he bought supplements containing illegal substances, the company confirmed today.
Takeshi Niinami, one of Japan’s most prominent and outspoken business leaders, resigned after a search of his Tokyo home on suspicion that he received products containing cannabis-derived substances from an acquaintance overseas, according to Japanese media outlet NHK, citing investigative officials.
Following the investigation, Niinami stated he believed the supplements he purchased were legal. However, police suspect the items may have contained THC and are investigating whether Niinami was aware.
According to a statement from Suntory Holdings, “The company deeply apologizes for the concern and inconvenience this matter has caused to customers and all other stakeholders.”
“The company determined that Takeshi Niinami’s actions which demonstrated a lack of awareness regarding supplements rendered him unable to continue in the key position of Representative Director, Chairman & Chief Executive Officer. Following discussions with Takeshi Niinami, he offered his resignation of his position due to his own reasons, which the company accepted, effective September 1. Please note that the supplements purchased by Takeshi Niinami are not products of Suntory Group.”
Suntory Holdings shares fell slightly following Niinami’s resignation.
By CEO NA Editorial Staff
