IHI Corporation Announces Management Changes, Effective on April 1, 2021
February 22, 2021 at 12:00 pm IST
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IHI Corporation, in terms of the Board of Directors meeting held February 22, 2021, announces the changes for the following Officers to take effect from April 1, 2021 and for the following candidates for the offices of Directors and Audit & Supervisory Board Members who will be requested approval at the 204th Ordinary General Meeting of Shareholders to be held in late June of 2021. The company appointed Masafumi NAGANO, currently Director; Managing Executive Officer, as director; Koichi MURAKAMI, currently Director; Managing Executive Officer; General Manager of Technology & Intelligence Integration, as director; Hideo MORITA, currently Executive Officer; Vice President of Aero-Engine, Space & Defense Business Area, as Managing Executive Officer; President of Aero-Engine, Space & Defense Business Area. The company appointed Akihiro SEO, currently General Manager of Corporate
Planning Division, as Executive Officer; General Manager of Corporate Planning Division; Jun KOBAYASHI, currently Vice President of Social Infrastructure & Offshore Facilities Business Area, as Executive Officer; General Manager of Corporate Business Development & Solution Headquarters; Kazuhiro ONITSUKA, currently Deputy General Manager of Vehicular Turbocharger Business Unit of Industrial Systems & General-Purpose Machinery Business Area, as
Executive Officer; Vice President of Industrial Systems & General-Purpose Machinery Business Area; Yukihisa OZAWA, currently Vice President of Resources, Energy & Environment Business Area, as Executive Officer; Vice President of Resources, Energy & Environment Business Area; Nobuhiko KUBOTA, currently Development Department of Resources, Energy & Environment Business Area, as General Manager of Technology & Intelligence Integration; Tsuyoshi TSUCHIDA, currently Vice President of Industrial Systems & General-Purpose Machinery Business Area, as Executive Officer; Vice President of Industrial Systems & General-Purpose Machinery Business Area. The company announced resignation of Masafumi NAGANO as Managing Executive Officer; Koichi MURAKAMI as Managing Executive Officer; General Manager of Technology & Intelligence Integration; Yoshinori KAWASAKI as Vice President of Industrial Systems & General-Purpose Machinery Business Area; Yutaka KUNISADA as General Manager of Corporate Business Development & Solution Headquarters; Shunichi TAKAYANAGI as Vice President of Social Infrastructure
& Offshore Facilities Business Area; Mitsutoyo YOSHIDA as Executive Officer; Project Risk Management Division. Yutaka KUNISADA to be appointed as advisor; Shunichi TAKAYANAGI to be appointed as advisor; and Mitsutoyo YOSHIDA to be appointed as advisor.
IHI Corporation is a diversified group organized around 5 areas of activity:
- sale of aircraft engines and spatial equipment (33% of net sales);
- manufacturing of industrial machines (29.1%): turbochargers, series production machines, iron and steel manufacturing equipment, etc. The group also develops a manufacturing of logistics automated systems activity;
- sale of energy production systems (25.3%): turbines, boilers, nuclear power plant components, etc.;
- naval construction (8.9%): primarily ships and bulk carriers. IHI Corporation also develops infrastructure construction materials manufacturing and real estate promotion activities, and provides offshore construction services;
- other (3.7%).
Net sales are distributed geographically as follows: Japan (51.9%), Asia (17.5%), the United States (22%), America (0.8%), Europe (6.9%) and other (0.9%).