We can expect a flurry of business card printing and updates to LinkedIn profiles at Bridgestone in the near future following the announcement of several key appointments in the Americas and Asia Pacific regions. These latest executive management changes follow those announced in December 2019.
Bridgestone Corporation has announced several executive leadership changes in its Americas and Europe, Middle East, India and Africa (EMIA) regions, following the appointment of Shuichi Ishibashi as new CEO. The company said the changes reflect its “commitment to thoughtful succession planning” focusing on its global growth agenda.
Shuichi Ishibashi has been named Masaaki Tsuya’s successor as global chief executive officer of Bridgestone Corporation. His selection as CEO is subject to approval by the company’s Board of Directors. The Board will decide upon the appointment following Bridgestone’s annual shareholders’ meeting in March 2020.
Since 2013, Bridgestone has lent its name to the world’s foremost solar car race. Participants travel to Australia every two years for the Bridgestone World Solar Challenge (BWSC), with this year’s event attracting 48 teams. The 3,000-kilometre (1,860mile) race from Darwin to Adelaide in Australia ended on 20 October, and that day Bridgestone committed itself to another decade of support.
A new agreement has expanded Bridgestone Corporation’s involvement in international sport. The tyre maker and rubber manufacturer has become a Worldwide Paralympic Partner; it is the seventh entity to associate itself with the International Paralympic Committee (IPC) in this capacity.
A new ‘Global Sustainable Procurement Policy’ has been introduced at Bridgestone Corporation, and the tyre and rubber company believes this policy will help it identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. The policy is applicable to all purchased materials and services, as well as all suppliers globally.
At a ceremony yesterday, Bridgestone Americas, Inc. celebrated the official opening of its new headquarters building, Bridgestone Tower. Located in Nashville, Tennessee, the 514,000-square foot (47,750 square metre), 30-storey tower is now home to more than 1,700 Bridgestone employees.
In its Sustainability Report 2016, Bridgestone Corporation shares that last year its tyres’ rolling resistance was on average 13 per cent lower than in 2005. The company also achieved a 29 per cent reduction in CO2 emissions per net sales from operations and products’ after-use during this timeframe, as well as a 28.5 per cent reduction in water intake per unit and a 31 per cent improvement in resource productivity.
Bridgestone Corporation has refined its global corporate social responsibility (CSR) commitment. It says the new CSR commitment, titled ‘Our Way to Serve’, builds upon the company’s initial, 22 focus point CSR programme, which has been in place for a decade. The ‘Our Way to Serve’ programme is centred around three priority areas – Mobility, People and Environment.
Bridgestone Corporation’s support of the Olympic Movement has now gone global. On 1 January 2017, the company expanded its partnership with the International Olympic Committee (IOC). Bridgestone will now serve as a partner globally through to 2024 and be associated with the Olympic Winter Games PyeongChang 2018, the Olympic Games Tokyo 2020, the Olympic Winter Games Beijing 2022 and the Olympic Games 2024, which will take place in either Budapest, Los Angeles or Paris.
Bridgestone has become the first Founding Partner of a new digital platform dedicated to the Olympic Movement. The tyre maker signed a collaborative agreement with the International Olympic Committee (IOC) yesterday to confirm its support of the Olympic Channel, a platform that gives fans the opportunity to experience the power of sport and the Olympic Movement all year round. The Olympic Channel will launch worldwide on Sunday 21 August following the closing ceremony of the Olympic Games Rio 2016. Bridgestone has committed to this partnership for a four-year period.
On 14 October 2015, Bridgestone Corporation announced that its Board of Directors had taken the first step towards updating the company’s corporate governance structure by approving the adoption of a new corporate governance structure – the replacement of the ‘Company with Board of Company Auditors’ model, which had been in place since 1993, with a ‘Company with Nominating Committee’ governance model. Today, the company shares that the board has approved the transfer of representatives and directorship candidates in preparation for this switch.
Bridgestone may have had the 800 outlet Pep Boys retail network snapped from it hands by Icahn Enterprises, yet the tyre maker is holding onto its growth plans in the USA. Speaking with Japanese financial publication Nikkei, Bridgestone chief executive officer Masaaki Tsuya shared on plans for 20 per cent growth in the tyre maker’s US retail network by 2020.
The chief executive officer and chairman of the board at Bridgestone Corporation, Masaaki Tsuya, has been appointed honorary investment advisor to the Thailand Board of Investment (BOI). The role was established last month with the purpose of assisting the BOI in promoting Thailand as an attractive investment destination both in Southeast Asia and throughout the world.
Bridgestone Corporation has established a new facility in order to better educate its employees on disasters and how to prevent them. The Global Disaster Prevention Center is located within the Bridgestone G-MEC Building in Tokyo, Japan, and Bridgestone is using it to conduct training to prepare for fire-related emergencies. The centre will be further expanded early in the next fiscal year to include training on natural disasters, and will draw upon lessons learned in Japan’s earthquake of 2011