Despite resigning Thursday as president of Nippon Shinpan Co. over a scandal involving payoffs to racketeers, Yoji Yamada will stay on as an adviser at the nation's largest consumer credit card firm.
Yamada was succeeded by Kazuhiro Omori, a managing director, said the firm, popularly known as Nicos, adding that Shigetoshi Ando, the vice president, filled the vacant position of chairman.
The reshuffle was approved at a board meeting early Thursday morning.