Universal Music Japan has appointed Tomotaka Hoshiai to the position of CFO, replacing Nobuko Suzuki, who will become vice chairman of the company. Hoshiai's appointment will take affect on Jan. 1, 2010.
Hoshiai, 51, is new to the music industry but a veteran of multi-national firms in Japan. He moves over from the chocolatier Godiva, which he joined in 2002. Hoshiai was CFO and financial director of Godiva Japan. He also oversaw the company's expansion into Korea.
Before Godiva, Hoshiai was CFO and financial director at Japan Delphi Automotive Systems, which he joined in 2000. Prior to that he worked internationally, both at Nissan Motor Limited, U.K. and Nissan Finance Of America. Hoshiai holds a 1990 MBA from the University of Chicago.
The outgoing Suzuki worked closely with the former CEO and president of Universal Music Japan, Kei Ishizaka, who was replaced in both posts by Kazuhiko Koike on Nov. 1 of this year.