Teijin Limited announced today 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). 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.