The Board of Directors at Toyo Tire & Rubber today resolved to hold an Extraordinary Meeting of Shareholders on 12 November in order to present its candidates for the positions of chairman and president. Shareholders will vote on whether to approve Katsumi Komaguchi as the company’s new chairman and Takashi Shimizu as its president.
As of 1 January, several alterations have occurred amongst Toyo Tire & Rubber’s senior management and corporate organisation, including the appointment of company president Takuji Yamamoto as general manager of Toyo’s North American Business Unit and Tire Business Group Headquarters.
Toyo Tire & Rubber has announced the appointment of Akira Nobuki as its new chairman, effective 1 November. Upon taking up this new position, Nobuki will step down as company president; this role will be assumed by Takuji Yamamoto, who on 1 November will hand over his duties as executive corporate officer to Tetsuya Kuze, who becomes Toyo’s third representative director. The company says it has increased its number of representative directors from two to three in order to strengthen its group management system in light of growth and expansion. Kuze will also be promoted from senior corporate officer to executive corporate officer, and he takes on the role of general manager of Toyo’s Corporate Planning Division from Sadao Ichihara, who will become deputy group executive officer of the company’s DT Business.
Yesterday the Board of Directors at Toyo Tire & Rubber approved the promotion of Takuji Yamamoto from director and senior corporate officer to representative director and executive corporate officer. In addition, Yamamoto remains group executive officer of Toyo’s Tire Business Group.