Nippon Paint Chairman Tanaka became top management on September 21 at 13:06
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The major paint manufacturer “Nippon Paint Holdings”, headquartered in Osaka, has announced a change of president. Mr. Masaaki Tanaka, Vice President of Mitsubishi UFJ Financial Group, will be the top management.
This was announced by Nippon Paint Holdings on the 20th. As of January 1, next year, Tetsushi Tado CEO will retire and become a director, and Masaaki Tanaka, currently chairman, will become the new CEO.
Mr. Tanaka is from the former Mitsubishi Bank, serving as the head of a subsidiary American bank and the vice president of “Mitsubishi UFJ Financial Group”.
In addition, when I was the president of the government-led public-private fund “Industry Innovation Investment Organization”, I competed with the Ministry of Economy, Trade and Industry over executive remuneration and resigned together with other directors.
“Nippon Paint Holdings” is strengthening its overseas expansion by acquiring an Australian paint company in August.
The company intends to further focus on overseas business by changing the top management.