MOSCOW (MRC) -- Teijin Limited announced that its board of directors has elected Akimoto Uchikawa, currently Executive Officer, Member of the Board, as its next President and Chief Executive Officer (CEO), said the company.
Uchikawa will assume his new role on April 1, 2022.
Jun Suzuki, the current President and CEO of the company, will assume the post of Chairman of Teijin Limited, on the same day.
Uchikawa has concurrently served as President, Material Business of Teijin Group.
The executive appointments were recommended by Teijin’s Advisory Board. The Advisory Board, which includes Independent Outside Directors and Advisors both from Japan and overseas, was established in July 1999 to strengthen group-wide corporate governance. The Nomination Committee, reporting to the Advisory Board and chaired by an Independent Outside Director, is responsible for evaluating business performance of CEO and selecting its best candidate to succeed. The decision of selecting the new President and CEO was also discussed and agreed by the Nomination Committee.
As per MRC, Teijin says that its subsidiary Teijin Carbon Europe (Heinsberg, Germany) has increased the production capacity of chopped carbon fiber by 40%. The company says that it is responding to the growing demand from European electronics manufacturers in recent years, as well as the current increase in demand for compounds for medical devices.
As MRC reported before, Teijin Ltd. is expanding its footprint in Europe with Teijin Automotive Center Europe GmbH, a new base in Wuppertal, Germany, that will house technical functions for the company’s automotive composites business.
Teijin is a technology-driven global group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 150 companies and around 17,000 employees spread out over 20 countries worldwide.
MRC