Tadanobu Nagumo, CEO and chairman of Yokohama Rubber Co., will step down as CEO in the first half of 2016, Tyres & Accessories reports.
The decision was made at YRC’s board meeting today and will be formally approved on March 30, following the company’s general meeting of shareholders. The board also appointed four new board members – Yasushi Kikuchi, Osamu Mikami, Shigeru Nakano and Nobuo Takenaka – and announced the retirement of three board members. Tooru Kobayashi has been named executive vice president, Fumio Morita named advisor and Tetsuya Kuze named appointed managing officer.
A successor for the position has not been announced and Nagumo will continue to serve as chairman.