Nissui has named organization veteran Teru Tanaka as its new CEO, effective May 2025.
The appointment is intended to facilitate the swift implementation of its FY 2025 mid-year business plan, entitled “Good Foods Recipe 2, the company said in a release. Current President and CEO Shingo Hamada will become chairman of the board of directors.
Tenaka has been with the company since 1988 and has held a number of leadership roles, including in Nissui’s Japanese sales division, its aquaculture business, and its marine products business, of which he is currently director and executive officer.
In 2022, the company released its strategic plan, Good Foods 2030, which was broken into three stages. It recently completed Good Foods Recipe 1, which focused on setting the stage to remake the business in anticipation of a decline in the Japanese market. These steps included, the company said, promoting sustainability, divesting a listed subsidiary, and purchasing a convenience store vendor.
Good Foods Recipe 2 will focus on enhancing supply chain resilience, so that the challenges that it faced in Good Foods Recipe 1, which included struggles with its aquaculture business, would be avoided in the future, according to the company. Good Foods Recipe 2 would also include assessing the ROIC of all current businesses and building on the success of its fried white-meat fish by developing another core category for the North American market.
Overall, the Good Foods 2030 strategic plan is intended to strengthen Nissui’s position as a supplier of “friendly foods for people and the earth.” Good Foods Recipe 2, the company said, would focus on advancing that goal by, “with the wellbeing of the ocean and people as our compass…offer the world better food choices.”
