Nikkei Inc., the parent company of the Financial Times, announced that Nobuhisa Iida will become president and chief executive officer.
He is replacing Tsuyoshi Hasebe, who will assume the post of chairman and group CEO. The changes are set to be approved at a meeting of the board of directors on March 26, following the annual shareholders meeting.
Iida, 62, is currently a senior managing director, overseeing information services and index business. Before that, he held positions including editor-in-chief of Nikkei’s editorial headquarters for Asia.
“I will further advance our mission to build a quality media organization that continues to grow,” Iida said in a statement. “We will boldly embrace the use of generative AI, while remaining firmly committed to the principle that responsible journalism is driven by people.”
He said Nikkei would continue to deliver trusted content and services to audiences in Japan and around the world, in partnership with the Financial Times, which Nikkei acquired in 2015.
Hasebe’s corporate strategy has been based on two driving forces: global expansion and digital innovation. The number of paid subscribers to the digital edition of the Nikkei surpassed 1 million in December 2024. Nikkei, Nikkei Asia, and the Financial Times have a combined paid subscription that ranks third in the world.
