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Japan's top retailer Aeon has first new boss in 23 years

Founding family hands reins to Akio Yoshida for digital breakout

Aeon President Motoya Okada, left, and Executive Vice President Akio Yoshida.

TOKYO -- Aeon, Japan's biggest retail group by revenue, will change leaders for the first time in 23 years, with a member of the founding family stepping aside as the company struggles to break into e-commerce.

Executive Vice President Akio Yoshida, 59, who has overseen store openings and heads the group's digital operations, will become president March 1 to replace Motoya Okada, Aeon said Friday.

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