We met for the first time last year at the New Business Forum Conference that I chaired and agreed to have dinner sometime. CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with regional headquarters Singapore, Abu Dhabi, London, and New York. Suntory Holdings President and Chief Executive Officer Takeshi Niinami smiles as he listens to a reporter's question during a press conference at the Foreign Correspondents' Club of Japan in Tokyo . Tokyo, Dec. 12 (Jiji Press)--The Japan Association of Corporate Executives, or Keizai Doyukai, decided on Monday to appoint Suntory Holdings Ltd. President Takeshi Niinami as its next chairman. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Sign up for free newsletters and get more CNBC delivered to your inbox. Takeshi Niinami: India and China. Prior to joining Suntory in 2014, Tak served as CEO. Menu. Takeshi Niinami, presidente y CEO de Suntory Holdings, as como Miembro del International Advisory Board (IAB) del IESE. A Division of NBCUniversal. Why did Steve Harvey divorce from Marcia Harvey? Speakers. What new markets are you looking to get into? (smile) Not to hurt anybody. Despite reservations expressed by some members, Takeshi Niinami, president of Suntory Holdings Ltd., is expected to become the next chairman of Keizai Doyukai (Japan Association of Corporate . Una empresa puede negarse a trabajar con los proveedores que no cumplan con todos los objetivos ambientales, o puede adoptar un enfoque ms integrador, que es lo que solemos hacer, trabajando junto con ellos para acompaarlos en lugar de excluirlos. That means they're often very cautious about raising wages in good times so that they have the means to protect their workers when times are tough. But he told everyone - his peers and his management team - that I've got it! Your efforts to merge with Kirin in 2010 were unsuccessful. En nuestro caso, establecimos una joint venture entre industrias para desarrollar tecnologas de reciclaje para plsticos usados. The economy and markets are "under surveillance". transicin, en lugar de simplemente pasar los costes a los consumidores y hacer de la sostenibilidad una carga para ellos. East-West Center Board of Governor and CEO of Suntory Holdings, Takeshi Niinami joined CNBC International from the World Economic Forum Annual Meeting for a great conversation about the Japanese . So, Beam thought they had the mandate to manage the entire spirits business, whereas we thought that we are the parent, we want to manage the entire business, not the Beam management. But it also led the company with a huge pile of debt. It took us 5 months to have dinner. 2015 to Present. Christine: To premiumize your products would suddenly be a good way to improve your operating margins which have been low, much lower compared to your two bigger rivals, Pernot Ricard and Diageo. So, you have to make it clear whether that they agreed or not. We wanted Beam management was to cruise the ship, and the Captain himself was Matt Shattock, as a matter of fact, he did a great job. Analysis by Michelle Toh and Emiko Jozuka, CNN, Updated 0006 GMT (0806 HKT) February 4, 2023. He rowed back on the comment somewhat the following day, saying, "It might have been clumsy of me to use the term 'retirement age.'". So, considering those factors, it's a huge challenge to go overseas. What was the learning curve for you? Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the worlds leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Below is the transcript of a CNBC exclusive interview with Suntory Holdings President and CEO, Takeshi Niinami. Experts have pointed to a series of reasons for the stagnant wages. En su lugar, tenemos que estrechar la mano de los competidores para reducir los costes mediante economas de escala. We increased the gross margin rate tremendously by learning from Beam Suntory. Christine: As a parent company, do you think Beam has now accepted the fact that the Japanese Suntory is now in charge? For example, U.S. CEO came to our Board and asked for their budget and some implementations based on their strategy. Tell me about some of the frustrations you felt trying to align both companies. As an OMOROI** corporate group, we will create new value with the founding spirit of Yatte Minahare and Giving back to society in our hearts, and uniquely continue innovating and taking on new challenges to inspires the brilliance of life. I didn't mean that people should just be fired.". Age : 63. On Sept. 9, he was arguing that Japan needed to rid itself of its lifelong employment and service time-based salary models, and used mandatory retirement at age 45 as a concrete example of how to do this. Tambin estn experimentando un crecimiento, y los consumidores de esos pases, naturalmente, quieren aprovechar los beneficios del desarrollo; muchos de ellos, lo experimentan por primera vez. People crossing a street in the Ginza area of Tokyo in November. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. What else would you like to add to that portfolio? We ate at Okame, one of my favorite little Tempura shops in Tsukiji. Even. We discussed this so seriously. The head of Suntory Holdings, Takeshi Niinami, said on Tuesday he expected the next governor of the Bank of Japan to show a clear policy roadmap, including criteria . Find Suntory Holdings President And Ceo Takeshi Niinami Interview stock photos and editorial news pictures from Getty Images. Christine: So, what's next after Legent? La idea de poner en comn los recursos es poderosa porque, al final, todas las partes estn preocupadas por los costes. The idea of gemba comes from the same lexicon of Japanese . Se necesita perseverancia, y tenemos que ser completamente transparentes y honestos con nuestros grupos de inters con respecto a dnde estamos y cmo pretendemos cerrar las brechas para llegar a donde queremos estar. Christine: What will your expansion plans look like in the next few years? Gary Saji talked to me, "Tak, take a look at this. World Economic Forum. . Niinami: Right. De qu manera coopera en lugar de competir? Christine: You're 60 years old, you graduated from Harvard, you've been described as internationally minded, one of the most internationally minded executives here in Japan with close ties to Prime Minister Shinzo Abe. CEO Takeshi Niinami is weighing a 6% raise for its Japanese workforce of approximately 7,000 people, according to a spokesperson, adding that it was subject to negotiation with a union. I was in the silo, always. I wanted to make it happen, so I think my aspiration and Mr Saji's aspiration got together and that made me decide to join. Christine: Any plans to revisit the merger with Kirin? Barcelona, April 25, 2018. So that's why we sell only in the U.S. Sunday 01:00, 03:00, 06:00, 09:00, 16:00, 18:00, 20:00. Niinami: No, not at all. **OMOROI intriguing everyone by achieving the impossible with extraordinary dedication, and at the same time being joyful, bold and brilliant. Christine: You think you can take on Baijiu? Tak Niinami is Chief Executive Officer, Suntory Holdings Limited since October 2014. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. Clarity versus ambiguity: how to put them together to understand each other. (Japanese original by Atsuo Yamaguchi, Business News Department). So, that is of a tailwind to win again. 2,576 executive movements have been recorded in the last 12 months. - March 2013. Required fields are marked *. In the Beverages industry, Takeshi Niinami has 5,804 colleagues in 450 companies located in 70 countries. Things are changing. but read it like that, "Take it easy, but in a hurry" (laughs) like that, yes. By 2030, our sales target is US$40 billion dollars and 60 percent of sales will come from overseas. Facts about Businessman Takeshi Niinami - age: 64, height, Salary, famous birthday, birthplace, horoscope, fanpage, before fame and family, all about Takeshi Niinami's personal life, and more. It's good, but we need more leaders - understanding the values of diversity. Todas quieren que las vean como sostenibles, y nadie desea que sus competidores lo superen en cuanto a iniciativas de sostenibilidad; especialmente, cuando estn compitiendo por ganarse la confianza del consumidor. CEO Takeshi Niinami is weighing a 6% raise for its Japanese workforce of approximately 7,000 people, according to a spokesperson, adding that it was subject to negotiation with a union. Niinami: Yes, we have a long-term vision and plan. As long as it's an innovative story or a story like 100 and 200 years or something new, all the consumers would love it. I visited Chicago in the US so often, I didn't stay in the office, "Tak, you're not only working on the integration of Beam, you're CEO of Suntory Holdings (laughs), you have to take care of other business here." Member of International Business Council. As a company that bases its business on the blessings of nature, Suntory have positioned water sustainability as its top priority, and have been expanding activities worldwide through the insight gained and activities deployed in Japan including water replenishment programs. 20 de diciembre de 2021. In this program, Suntory President & CEO Takeshi Niinami discusses Beam Suntory's journey, leadership in a new post-pandemic era, and his priorities and vision for the future. So, my mission is to look into the future - how to position ourselves to be a different player. Niinami: I assume that the first -- both parties in manufacturing processes. What about the Bangladesh? January 23rd, 2022, 5:28 PM PST. And I thought, sure, even though we had a very different history. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. of Lawson, Inc. Based on this belief, we have been working hand in hand with the foodservice industry which has been facing hardships during the pandemic, and have been making the effort to overcome the impact of COVID-19 to pass on the precious food and drinking culture to the next generation. "If some of the biggest companies in Japan raise wages, many other firms will follow," if only to stay competitive, said Yamaguchi. Niinami: I think at least five to six points. But at this moment our presence is very small. In the past Mr. Niinami occupied the position of Chairman of Lawson, Inc. Chairman of Ninety-nine Plus, Inc. and Chairman of Lawson Entermedia, Inc. (both are subsidiaries of Lawson, Inc.), Unit Manager-Lawson & Dining Operations at Mitsubishi Corp. and President at LEOC Co., Ltd. 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But the Captain should have the "where to go", "how to go", should be consulted, and should be decided by the parent. January 4, 2022 - WHILL, Inc. (WHILL) today announced the appointment of Takeshi Niinami, President and Representative Director of Suntory Holdings Limited, as an external board member; Megan Frost, Director of Product Design for iCloud, Maps, and Education at Apple . Suntory Group aims to create a society full of Brilliance of life. With our mission To create harmony with people and nature, Suntory contributes to creating a rich and prosperous lifestyle by providing products and services of the highest quality, and aspires to create a sustainable society while always being mindful of social diversity as well as coexisting with the beautiful global environment. We need good quality water and really good people to brew a premium beer. But how to compromise or to take the good parts? Where was it coming from? Takeshi Niinami is a businessperson who has been at the helm of 5 different companies and currently holds the position of President & Representative Director at Suntory Holdings Ltd. Search instead in Creative? Christine: When I look at your sales, most of it, about 60 percent still comes from your domestic market. "In a country where you haven't had nominal wage growth over 30 years, real wages are declining quite rapidly as a result [of inflation]," Stefan Angrick, a Tokyo-based senior economist at Moody's Analytics, told CNN. Niinami: That's right. Christine: But what is behind this whisky shortage? Suntory was very much domestic minded. How do you want to grow in the US? 2014 to. Niinami: That's right. Anything else out that you want to acquire? Prior to joining Suntory in 2014, Tak served as CEO Niinami: Let's say a decade or so, I assume 5 to 7 percent growth still in the U.S. because the U.S. market accepts innovation. 2023 CNBC LLC. Takeshi Niinami, CEO of Suntory Holdings, gestures as he answers questions during a press conference in Tokyo on July 1, 2014.Ed Sheeran was forced to defend himself to mean internet trolls who called him "fat" and "chunky".PUBLISHED ON 12/23/2019 The . Es un acto de equilibrio constante, de encontrar formas de alcanzar mltiples objetivos simultneamente. In 1995, he was appointed CEO of Sodex Corporation, a food service joint venture between Mitsubishi and Sodexho, France. We got to be innovative. El Gobierno tiene que regular algunos aspectos, como la neutralidad del carbono. Despite facing global economic challenges including a pandemic and a spike in supply chain-related costs, Japanese beverage giant Suntory Holdings -- home to such iconic brands as Maker's Mark and Jim Beam -- just reported record full-year revenue and profit. But there was a huge cultural gap, because Suntory was not fully ready to be global. Por tanto, el CEO debe lograr el equilibrio con sutileza. And I want to leave the legacy that Suntory is the right company to create good global leadership. The value comes from Suntory because you're the parent - the value comes from a principle that started from founder Shinjiro Torii -- "Yatte Minahare" which is "Go for it and let's make it happen", but don't copy any other competitor's products. Takeshi Niinami, Chief Executive Officer, Suntory Holdings . All the thinking about are consumers, the clients and society, and give back to society. Apple Google Spotify. Como tal, creo que debe planificarse la transicin de manera gradual, con ms tiempo para convencer a los consumidores de esos pases. Suntorys employees throughout the world are working as one with the spirit of Monozukuri* to develop innovative products, and to propose new styles of consumption and joy that did not exist in the past. Niinami: Yes, I'm sure. Takeshi Niinami is President/Co-CEO at Suntory Holdings Ltd. See Takeshi Niinami's compensation, career history, education, & memberships. I was so in a hurry, and I was called in by Gary Saji, Nobutada Sagi, "Tak, don't be in a hurry so much. Christine: That goes very well in the US market? Data is a real-time snapshot *Data is delayed at least 15 minutes. Baijiu is so respected and well-liked by Chinese consumers. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Christine: Because whisky takes time to age. So, I didnt feel any obstacle for me to join Suntory Holdings because of family business, because I wanted to work together with Gary Saji to push this company to be a global company, based on Japanese culture, based on Suntory culture. This says, "Don't be in a hurry, take it easy." How are sales for the Legent coming along? Sign up for free newsletters and get more CNBC delivered to your inbox. U.S. team Pernot, U.S. team Diageo - what they don't have is Japanese flair, Japanese culture. First of all, I found the value of a private company, family owned - (the) good and bad and how hard for a Japanese company to be really global because there's a huge difference in culture, and how we have to fit ourselves into the global context. La pandemia impuso enormes restricciones financieras a algunos de nuestros proveedores ms pequeos, y, para ellos, la prioridad es sobrevivir. Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. Showing Editorial results for takeshi niinami. And if there is a chance, opportunity to acquire some bottlers we might think about. Unlike other government space organizations, India's agency is extremely efficient, with the lowest cost-per-kilogram in the industry. That's their mission. But as inflation rises, people are likely to start making "strong" complaints about the lack of raises, predicted Shintaro Yamaguchi, an economics professor at the University of Tokyo. Outside of Suntory, Tak is a member of the Council on Social Security Reform for All Generations and has served on the Council on Economic and Fiscal Policy as senior economic advisor to the Prime Minister since 2014. Jan 24, 2023. Has there been a change in strategy on your part? How we can change the quality for the better. Chairman, Committee to Support Tokyo 2020 Olympic and Paralympic Bid, as a representative of the business community. A free inside look at company reviews and salaries posted anonymously by employees. But how we can win creates how we can win the games in other countries. Last month, Kishida warned the economy was at stake, saying Japan risked falling into stagflation if wage rises continued to fall behind price increases. > IESE Insight: Ideas basadas en investigaciones, Executive Education - Programas en ingls, Executive Education - Programas en espaol, PADE - Programa de Alta Direccin de Empresas, Transformacin digital - Programa de Alta Direccin, StandOut blog - Inspiracin para tu carrera, Takeshi Niinami: "La armona con las personas y la naturaleza est en nuestro ADN". In 2002, he was appointed President & CEO, Lawson, Inc., then the Chairman of the Board in May 2014. We increase the increase to the operation capability. Prior to joining Suntory in 2014, Tak served as CEO of Lawson, Inc., which he grew into one of Asia's major convenience store operators, posting profit growth for 12 consecutive years and quadrupling . Mr. Niinami started his career in 1981 at Mitsubishi Corporation. We worked it together. The page may not be displayed properly if the JavaScript is deactivated on your browser. Takeshi Niinami is known for Managing Asia (1997). That's why, three years ago, after giving up hopes for higher pay, the schoolteacher decided to start writing books. Now, 60 percent comes from domestic (market) and we will grow in Japan, too. Not at all. The Suntory president was participating in the Japan Association of Corporate Executives' summer seminar when he made the comments on both days. How much more can you extract growth from the U.S. market? COVID-19 brought about drastic change to our lifestyles, including the way we work and communicate with each other. I mean, we really respect Kirin. Whereas I know in Asia and Europe, aged statement, like 12 years, 20 years, 30 years. Christine: Niinami-san, these days, there is a scarcity of good Japanese whisky in the market. So, both parties tried to understand even simple things. Got a confidential news tip? So, I created the Suntory University for both parties to gather, to talk, based on the founding spirits. He is Vice Chairman of the Japan Association of Corporate Executives. Por eso cree la Universidad Suntory, para que los empleados de todo el mundo puedan acceder de forma gratuita a esa misin, visin y valores, y tomarse el tiempo para entenderlos. How to say Takeshi Niinami in English? Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia, and Oceania with annual revenue (excluding excise taxes) of $19.8 billion in 2021. We accomplished the first phase - to be one. He was appointed President and CEO of Lawson, Inc. in May 2002, and Chairman, Representative Director in May 2014. . Here in Japan, where do you see Suntory in the next 3, 5, 10 years? So, we have to be more innovative to offer something new to the market. Tenemos la suerte de que el fundador de Suntory, Shinjiro Torii, estuviera comprometido con la idea de servir a la sociedad, por lo que la sostenibilidad ha estado en nuestro ADN corporativo desde 1899. The news may prompt other businesses to follow suit. Japan's core consumer prices rose 4% that month, a 41-year high. He is also Vice Chair of the Board of Councilors of Keidanren Japan Business Foundation, and Vice Chairman of the Japan Association of Corporate Executives. To be praised very highly by every corner of the world, we need more leaders. Niinami, 63, will succeed current Chairman Kengo Sakurada, 66, also chairman of insurance group Sompo Holdings Inc. <8630>. Takeshi Niinami. Tak received his MBA from Harvard Business School. Niinami: I'm sure they fully understood the value of a Japanese company Suntory and a Japanese context, because that's a huge differentiation for them. And we have the technology of offering the non-alcoholic beer. Is it a secret? At Kentucky Distillery, they didn't know anything about Japanese whisky. Chief Executive Officer, Suntory Holdings Limited Tak Niinami is the Chief Executive Officer of Suntory Holdings, one of the world's leading consumer products companies with operations throughout the Americas, Europe, Asia and Oceania. How would you describe your leadership and your management style? Niinami: That's right. 500 CEOs and their companies have put disability inclusion on the leadership agenda and made a commitment to action. Only 2 percent of the total sales in China comes from other than Baijiu and from other countries. As your mentor, what's the most valuable piece of advice he's given you? But I'm sure that will never happen, despite our plans to become a global player with a bigger presence overseas. Got a confidential news tip? My assumption was they only want to produce all this good quality, good quality for our consumer. Esta entrevista se publica en IESE Business School Insight 160. Biography of Takeshi Niinami. "When there's productivity growth, firms perform better and [when] they do better, they can offer higher wages.". Takeshi NiinamiReverso Context-: Takeshi Niinami With the latest funding, Cinnamon will be more focused on global expansion. Olympic and Paralympic Bid, as como Miembro del International Advisory Board ( IAB ) IESE... Take a look at your sales, most of it, about percent..., you have to make it clear whether that they agreed or not Gobierno tiene que regular algunos,! And if there is a scarcity of good Japanese whisky of Corporate Executives ' seminar. Pasar los costes mediante economas de escala of Lawson, Inc. in may 2014. street in the Beverages,! Understanding the values of diversity as your mentor, what 's next after Legent es poderosa porque al... Is Vice Chairman of the Japan Association of Corporate Executives ' summer seminar When he made the on... But I 'm sure that will never happen, despite our plans to revisit the with! Win again looking to get into Association of Corporate Executives you see Suntory in 2014 Tak. So that 's why, three years ago, after giving up hopes for pay! Told CNN he had barely seen his salary go up over the last 12 months other to. Be a different player, my mission is to look into the -... The JavaScript is deactivated on your part, after giving up hopes for higher pay the... N'T know anything about Japanese whisky me, `` do n't have is Japanese flair Japanese. A society full of Brilliance of life to talk, based on the founding.. We can win the games in other countries their strategy takeshi niinami salary dedication, and give back to society expansion!, CNN, Updated 0006 GMT ( 0806 HKT ) February 4 2023... Bid, as como Miembro del International Advisory Board ( IAB ) del IESE team Diageo - what do! Are `` under surveillance '' U.S. team Pernot, U.S. CEO came to our lifestyles, including the we. 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