Toyo Ink Mfg. Co., Ltd. announced that a meeting of its Board of Directors held on Jan. 17, 2011 unofficially decided to make the following changes to its representative directors.
Although the company will change its trade name to Toyo Ink SC Holdings Co., Ltd. on April 1, 2011, based on a plan to establish new companies through a corporate split, approved at the 172nd ordinary general meeting of shareholders held on June 29, 2010, the official adoption of the changes to the representative directors will be made by resolution at a meeting of the Board of Directors of Toyo Ink SC Holdings Co., Ltd. to be held on April 1, 2011.
Kunio Sakuma, president and CEO, will becoem the chairman and representative director, while Katsumi Kitagawa, executive vice president and COO, will become president and CEO.
Mr. Kitagawa has worked in the production division, the engineering division, the planning division at head office, and the business divisions. He has been focusing on expanding business in Japan and overseas since he became the executive vice president and COO in June 2009. With strong and timely insights into new areas of growth for the company, he is capable of exercising outstanding leadership in practice.
Since his time in the planning division at head office, Mr. Kitagawa has been advancing reforms with incumbent president Kunio Sakuma, and should continue to drive rapid progress in this area also. Moving to the post of chairman, Mr. Sakuma will assist in promoting the new growth strategies, while supporting the new president.
Mr. Kitagawa graduated from Keio University with a bachelor’s degree in engineering, and joined Toyo Ink Mfg. Co., Ltd. in April 1977. He has held a number of important positions with increasing responsibilities in the company, and became the general manager of the Corporate Planning Department in May 2000. In June 2005, Mr. Kitagawa was appointed director; in June 2008, he was appointed EVP and director. In June 2009, he was appointed EVP and COO in charge of IR, and chairman of CSR Committee.