Isetan Singapore's managing director to resign in April

THE non-independent executive and managing director of Isetan (Singapore) I15 : I15 0%, Koji Oyama, will be resigning from his role after the company's annual general meeting to be held in April.

In a bourse filing on Friday (Feb 25), the department store operator said Oyama will be relinquishing his position to take on an executive position in Isetan Mitsukoshi Holdings, which is the holding company for Mitsukoshi and Isetan department stores.

Oyama will stay on in Isetan until he is able to hand over his duties to the new managing director, who has yet to be announced. Isetan said they will update when the new managing director is appointed.

Shares of Isetan were trading flat at S$3.60 at 3.33 pm, after the company requested a lift in its trading halt called earlier in the afternoon.

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