MOL PROMOTES HOJO, SATO AND ASHIDA TO DEPUTY PRESIDENTS
Mitsui O.S.K. Lines has promoted Tokinao Hojo, Hiroyuki Sato and Akimitsu Ashida to the positions of deputy presidents of the group.
They were previously senior managing directors.
Two former deputy presidents — Kazuo Sato and Seiji Nakamura — will retire from the senior management of the Japanese group. In line with tradition at major Japanese shipping companies, they will then become presidents of subsidiary companies of the group. Sato will be president of Shosen Mitsui Ferry Co., Ltd. and Nakamura will be president of Shosen Mitsui Ferry Co., Ltd.
MOL announced a revised board of directors and changes to its senior executive officers.
The changes include the promotion of Osamu Suzuki, general manager of the liner division, to the position of executive officer.
Joji (George) Hayashi remains deputy president of the MOL group, chief executive officer of MOL (America) Inc. and chairman of MOL (Europe) B.V.