Shanghai-based 51job, Inc., a provider of integrated human resource services in China, announced a change to its Board of Directors, by accepting the resignation of Mr. Kazumasa Watanabe due to a change in his professional responsibilities at Recruit Holdings Co., Ltd., a principal shareholder of the company, and appointing Mr. Junichi Arai as a director, effective immediately.
Mr. Arai is a corporate officer of Recruit, a leading human resource and information services company in Japan listed on the Tokyo Stock Exchange, since November 2016. He is responsible for Recruit's capital market strategies in the finance department and corporate planning department. Prior to joining Recruit, Mr. Arai had an extensive career in investment banking, especially in strategic advisory services, for 28 years. He worked at Lehman Brothers Japan, Morgan Stanley Japan and Mitsubishi UFJ Securities and also co-founded Nakamura Arai Partners, a small boutique advisory firm, in 2011. Mr. Arai received his Bachelor degree in Economics from Keio University in 1988.
51job combines the strengths of traditional (print) and new (Internet) media and leverages technology and a staff of experienced professionals to deliver an integrated recruitment solution. The company serves hundreds of thousands of domestic and multinational corporate clients through 26 offices in Hong Kong and Mainland China.