Ryoji (Roy) Araki will assume the position of chairman of the board and CEO, and Koichiro (Kyle) Iwasawa will assume the position of president and chief operating officer.
Araki had been president and COO since May 2002. Iwasawa joined Treadways in April 2005 as executive vice president of operations; he had served as executive vice president from July 1993 to April 1999.
“Mr. Wire, who served as president and CEO from 1996 and as chairman and CEO since May 2002, did an outstanding job and will be sorely missed,” said Araki.