Hello Kitty's founder stepped down from his post at 92, handing the reins to his grandson

Hello Kitty's founder is stepping down from his post at the age of 92 and handing the reins to his 31-year-old grandson, noted as the first change in leadership in the company's six-decade history. Tokyo-based Sanrio, which created the ubiquitous pink-bowed character in 1974, announced on Friday that Shintaro Tsuji would retire as president and pass the torch to Tomokuni, who had been senior managing director.