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Calbee CEO to depart

Calbee Inc. said March 27 that representative director, board Chairman and CEO Akira Matsumoto will retire from his posts.

Matsumoto's retirement is effective at the end of the company's annual general meeting in late June.

The Tokyo-based snack maker said its board will determine a new management structure at the board of directors' meeting in late April, subject to the approval of shareholders at the annual meeting in June.