Bridgestone redefines role of chairman in Japan
The board of directors at Bridgestone Corp. approved a number of management changes at its Jan. 11, 2012, meeting.The changes are subject to approval by the company's shareholders.
Shoshi Arakawa, chairman of the board, CEO, president and representative board member, will assume the newly redefined role of chairman of the board.
Masaaki Tsuya will succeed Arakawa as CEO. Tsuya is currently senior vice president and member of the board responsible for the company's Diversified Products, Sports and Cycle business unit. He also is chief risk management officer; chief human rights officer responsible for corporate administration; chief compliance officer; and Office of Group CEO. If his promotion is approved, Tsuya will continue to serve as a representative board member.
Kazuhisa Nishigai, senior vice president and member of the board responsible for Japanese tire business, and concurrently responsible for replacement tire sales, will be elected to the newly established position of COO. He also will continue in his role as a representative board member.
Bridgestone will hold its annual Shareholders' Meeting and next board of directors meeting in March 2012.