Teijin Limited announced that its board of directors has elected Jun Suzuki, currently executive officer, member of the board, as its next president and chief executive officer (CEO). Suzuki will assume his new role on April 1.
Shigeo Ohyagi, the current president and CEO of the company, will assume the post of chairman, member of the board, on the same day.
Suzuki has concurrently served as general manager of Teijin's advanced fibers and composites business group, general manager of Teijin's carbon fibers and composites business unit, and president of Toho Tenax Co., Ltd.
The executive appointments were recommended by Teijin’s Advisory Board. The board, which includes advisors both from Japan and overseas, was established in July 1999 to strengthen group-wide corporate governance. It is charged with advising Teijin’s board of directors regarding management, performance and remuneration of top executives, and plans relating to the actions and succession of the president.
About the Teijin Group
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.
Teijin Limited