The Board of NSG Group has announced the appointment of Katsuji Fujimoto as Chairman of NSG Group. He will succeed Yozo Izuhara, who will be retiring on 29 June 2010 after 48 years of service with the Company.
As non-executive Chairman of the NSG Group Katsuji Fujimoto will ensure that the Company is run in accordance with its long-term objectives and strategy and guiding Values and Principles. He will also provide support to the Executive in communicating with stakeholders, governments and other external organizations of importance to the Group.Tomoaki Abe remains Vice-Chairman.
The proposed changes to directors are subject to shareholder agreement and will be formally decided at the 144th Ordinary General Meeting of Shareholders, which will be held on 29 June 2010 and at a meeting of the Company's board following the shareholders meeting. The changes and appointments will take effect immediately following such approval on that date.