SUMIDA: Company News

Appointment of CFO/Representative Executive Officer & Management Transition

February 17th 2012 Press Release

The Board of Directors resolved at its meeting today to appoint Executive Officer Mr. Yoshiyuki Honda as CFO and Representative Executive Officer of SUMIDA Corporation with immediate effect. Mr. Saburo Matsuda will retire as CFO as of today, and as Representative Executive Officer on 20th March 2012. This is in line with the succession planning of SUMIDA.

SUMIDA Corporation will in the following month complete the handover of the reins of management from one generation to the next.

Two of the three key managers responsible for establishing SUMIDA as a leading manufacturer of coils, and listing SUMIDA on the Tokyo Stock Exchange will leave the company this month and the next, as part of a long prepared succession plan. 

In addition to Mr. Matsuda, Mr. Chiu Ka Sheung will lay down his posts as Director of the Board, Representative Executive Officer and Deputy CEO of SUMIDA Corporation on 20th March 2012 (the date of the coming AGM). 

The management of SUMIDA Corporation would like to express its gratitude and thanks to Mr. Chiu and Mr. Matsuda for their long years of service and contributions to SUMIDA, and for ensuring that their previous responsibilities have been left in the best possible hands. 

The management of SUMIDA Corporation will further be strengthened with the appointment of Mr. Takatoshi Oyo, who will be appointed Executive Officer on 20 March 2012. Mr. Oyo is in charge of the Manufacturing Group within SUMIDA and has responsibilities for production, supply chain, and quality assurance.

Please click on the press release link above for the full pdf version of this article.