JAL Hotels Appoints New CEO

Nikko Hotels' Operator

. October 14, 2008

TOKYO, Japand, June 24, 2008. JAL Hotels Co., Ltd., which operates Nikko Hotels International, a group of luxury hotels, and Hotel JAL City, a mid-priced business hotel chain in Japan, announced at its annual shareholders meeting and board of directors meeting today the appointment of Katsumi Chiyo as president and CEO. He will succeed Mamoru Tsutsumi.

Chiyo's previous position was as president and CEO, JALways Co., Ltd., a subsidiary of Japan Airlines Co., Ltd. (JAL), JAL Hotels' parent company. He has been with JAL for 38 years, since graduating from Waseda University with a degree in Political Science and Economics. He has held numerous executive positions both inside Japan and in the United States over the years, including serving on the board of directors of JAL.

"Over the past two years, JAL Hotels Co., Ltd. made significant progress towards its goals in further internationalization, especially noteworthy in the Middle East, where no other Japanese hospitality company has ventured," said Katsumi Chiyo. "This is thanks in great part to the positive leadership of Mamoru Tsutsumi. I am confident in the ability of our staff to continue moving to the next level of growth in the global marketplace."Tsutsumi became president and CEO of JAL Hotels Co., Ltd. in June 2006. During his tenure, the company expanded in China, and opened its first Middle East hotel while signing contracts for two others.

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