Ex-Suntory Leader Steps Down from Business Role Amid Cannabis Inquiry

Takeshi Niinami has vacated his position as the head of the second-largest business organization in Japan following a police search of his residence that targeted potential cannabis-related items. This occurred shortly after he resigned as the chief executive of Suntory Holdings Ltd.

Allegations and Leadership Changes

Despite being vocal and assertive, Niinami firmly denied the possession of any illegal substances during a press conference held at the organization about a month ago. Meanwhile, Mutsuo Iwai, the current chairman, will assume the role of acting representative director. This interim leadership will continue until a new head is officially appointed, as confirmed by a statement from the Japan Association of Corporate Executives on Tuesday.