Fuji Oil : Announcement of Change of President and Chief Executive Officer (112KB)
January 22, 2021 at 11:46 am IST
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January 22, 2021
Announcement of Change of President and Chief Executive Officer
Fuji Oil Holdings Inc. (the "Company"- Ticker Code:2607) announced that its Board of Directors resolved to change the President and Chief Executive Officer on January 22, 2021 as mentioned below.
Reason for Change
To further drive growth and raise our corporate value under new leadership amidst drastic changes in business environment and to sustain the growth of the Group.
This change of President was decided by the Board of Directors following a recommendation by the Nomination and Compensation Advisory Committee, made up mainly of independent directors, after a series of careful deliberations. This committee was established as the advisory body of the Board of Directors.
Details of Change
Name
New Title
Current Title
Hiroshi Shimizu
Director and Senior Advisor
President and CEO
Mikio Sakai
President and CEO
Director and Senior Executive Officer
Chairman, Blommer Chocolate Company
and President, Fuji Specialties, Inc.
Hiroshi Shimizu will retire from the Board of Directors and become a Special Advisor at the conclusion of the 93rd Ordinary General Meeting of Shareholders to be held in late June 2021. Other executive appointment(s) after April 1, 2021 will be announced once the decision is made by the Board of Directors.
Date of Effectivity April 1, 2021
Personal Background and Career Summary of Newly Appointed President and CEO
Name
Mikio Sakai
Birthday
October 6, 1959
Birthplace
Hyogo Prefecture
Educational Background
March 1983 Graduated from Faculty of Business and Commerce at Keio University
Career summary April 1983
Joined FUJI OIL
April 2001
Planning Department Head, SOYAFARM Department
1
April 2002
General Sales Manager, SOYAFARM Department
October 2004
General Sales Manager, Functional Food Ingredients Department
Director and Managing Executive Officer, Chief Strategy Officer
April 2018
Director and Executive Officer, Chief Strategy Officer
Representative, Human Resources / Legal Affairs / General Affairs
Director, Fuji Oil Co., Ltd
April 2019
Director and Senior Executive Officer,
Chairman, Blommer Chocolate Company
April 2020
Director and Senior Executive Officer,
Chairman, Blommer Chocolate Company
President, Fuji Specialties, Inc. (Current position)
Number of Shares Owned
19,344 shares (as of September 30, 2020)
2
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Disclaimer
Fuji Oil Holdings Inc. published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 06:15:02 UTC
FUJI OIL HOLDINGS INC. is mainly engaged in the oil and fat business, among others. The Company operates in three segments. The Oil and Fat segment provides purified oil based on coconut oil, palm oil and palm kernel oil, as well as oil and fat for chocolate. The Confectionery and Baking segment provides chocolates, cream, shortening, and processed dairy products. The Soy Protein segment provides soy protein products, processed soy protein food products and soymilk.