Ex-Boss of Major Japanese Beverage Company Asserts Innocence Following Resignation over CBD Use
The former head honcho of a prominent beverage company in Japan has publicly stated his innocence after stepping down from his role. His resignation came amidst investigations into his alleged possession of an outlawed substance.
"I'm confident I haven't violated any laws. I am convinced of my innocence," the ex-executive said in a press interaction on a weekday.
Resignation Announced, Details Sparse
The President of the beverage firm, who hails from its founding family, held a press meet recently to inform that the ex-boss had resigned. The President remained tight-lipped on the details, citing ongoing investigations as the reason. It has been confirmed by law enforcement in Fukuoka, southwestern Japan, that a potential drug-related investigation involving the ex-CEO is underway, though additional details remain undisclosed.
The Role of a U.S. Made Health Supplement
The ex-CEO explained that the investigation revolved around a health supplement he identified as "a CBD supplement," which was concocted in the U.S. A friend recommended it to him and sent it through the mail. CBD, short for "cannabidiol," contains a component found in marijuana.
Convinced that the supplement was "completely lawful," the ex-CEO had intended to try it out, particularly since it was more affordable than similar products available in Japan. He hoped it would help combat jet lag from his frequent overseas travels. He was on the move when the package was delivered and, thus, did not receive it personally.
Public Apology and Reflection on Carelessness
"I feel compelled to extend my apologies to the public," the 66-year-old former CEO said, following a deep bow. He acknowledged that his company, besides producing whisky, beer, and non-alcoholic beverages, also manufactures supplements. In this light, his actions demonstrate a lack of caution.
His tenure at the beverage company, which was established in 1899, was marked by robust growth, including an expansion overseas. The company's acquisition of a company named Beam Inc. for a whopping $16 billion ten years ago was a significant milestone. The deal brought brands like Jim Beam Bourbon, Sauza Tequila and Canadian Club Whisky under its umbrella, bolstering the company's international reputation in the alcohol industry.
Successor Yet to Be Announced
The beverage company is yet to announce who will take over the reins following the ex-CEO's departure. It's commonplace in Japanese culture, which emphasizes group accountability and the sense of shame, for individuals causing public embarrassment to relinquish their positions.
The former CEO also held a leadership role at an influential business lobby, the Japan Association of Corporate Executives. He made his statements at the business lobby's office in Tokyo.