- After about five years in the position
- No successor named
(exechange) — Kobe, Japan, March 6, 2018 — Hiroya Kawasaki, chief executive of Kobe Steel, leaves. It is a change at short notice. As announced by Kobe Steel, Ltd. in a news release on Tuesday, March 6, 2018, Hiroya Kawasaki leaves his post as Chief Executive Officer at Japan’s third-biggest steelmaker after about five years in the position, effective April 1, 2018.
Kobe Steel did not name a replacement for the position of Chief Executive Officer.
“Substantial troubles we have caused”
The management change is explained as follows. Kobe Steel said in a fairly blunt statement: “These resolutions reflect our Company’s taking to heart the substantial troubles we have caused our customers, suppliers, shareholders and many other people in connection with misconduct that took place within the Kobe Steel Group.”
Precise information about Kawasaki’s future plans was not immediately available.
Kobe Steel said: “At the Board of Directors meeting held on March 5, both Hiroya Kawasaki and Akira Kaneko submitted formal requests to resign from their positions as Chairman, President, CEO and Representative Director and as Executive Vice President and Representative Director, respectively, effective on April 1. Kobe Steel’s Board of Directors accepted the two executives’ requests.”
In the position of CEO since 2013
Hiroya Kawasaki has been the Chairman of the Board, Chief Executive Officer and President of Kobe Steel Ltd. since April 1, 2013 and served as its Chief Operating Officer.
Read the full story in the exechange report 11.2018 ($).