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Japanese advertising major Dentsu today announced the appointment of Mr Nobuki Sakai as the Chief Financial Officer of its India operations.
Based out of Delhi, Mr Sakai will report to Mr Seiichiro Hayata, Acting Chairman of the Dentsu India Group.
As CFO, Mr Sakai will be responsible for the financial plans, policies, and accounting practices of the Dentsu India Group, Dentsu said in a statement.
He will also lead the accounting, budgeting, cash management and financing functions of all Dentsu India Group companies, it added.
“We are delighted to have Sakai san join our India team. With his extensive knowledge and experience in corporate and financial management, we look forward to his leadership in strengthening our financial structure not only at the group level, but also at the agency level,” Mr Hayata said.
Mr Sakai has been with Dentsu for over thirty-five years, spearheading management support and financial management of subsidiary companies in Japan and overseas.
He will relocate to India from Dentsu Inc’s Group Companies Management Division in Tokyo. Prior to this, Mr Sakai was a member of the Board and Chief Financial Officer at Dentsu Sudler & Hennessey Inc in Japan.
Dentsu commenced its India operations in October, 2003, in a joint venture with the Mogae Group. In 2011, the parent company acquired the India businesses and the new Dentsu India Group became a 100 per cent subsidiary of Dentsu Inc, Tokyo.
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