Insurance company Aflac has announced that Akitoshi Kan, chairman of Aflac Japan and Aflac International, will retire on June 30, 2008.

Mr Kan will be succeeded as chairman of Aflac Japan by Charles Lake II, who currently serves as vice chairman of Aflac Japan. The company has also reported that Tohru Tonoike, president and COO of Aflac Japan, will remain in charge of day-to-day operations of Aflac Japan.

Mr Kan joined Aflac Japan’s accounting department in 1980, following four years at Cook Levine & Company, a New York accounting firm. In 1997 he was promoted to executive vice president of internal operations for Aflac Japan. He was promoted to chairman of Aflac Japan in 2007.

Daniel Amos, chairman and CEO of Aflac, said: It’s been my pleasure to have worked with Aki for so many years, and I wish him the very best in his retirement. During Aki’s time with Aflac Japan and Aflac US, he demonstrated unwavering dedication, and his contributions to our company have been many.