Japan Post's successor president will be coordinated with multiple candidates including Hiroya Masuda December 26 4:21
Due to improper sales of Japan Post Insurance, Masatoshi Nagato, President of Japan Post, has resigned to clarify his responsibilities.
Japan Post's successor president is being coordinated among several candidates, including former Minister of Internal Affairs and Communications Hiroya Masuda.
The FSA and the Ministry of Internal Affairs and Communications have imposed an administrative penalty on the 27th regarding improper sales of Japan Post Insurance, and are urging them to clarify their management responsibilities on a series of issues.
Based on this, Nagato President of Japan Post, Kunio Yokoyama of Japan Post, which is responsible for sales of insurance, and Mitsuhiko Uehira, President of Japan Post Insurance, took responsibility and resigned together. . It is also being discussed that Japan Post Holdings' senior vice president Yasuo Suzuki has reportedly heard from the former secretary-general of the Ministry of Internal Affairs and Communications the status of consideration for administrative sanctions.
According to people involved, Japan Post's successor president was Hiroya Masuda, the former Minister of Internal Affairs and Communications who also chaired the postal privatization committee of the government, which oversees the postal privatization efforts. This means that the adjustment is continuing, including multiple candidates.
Also, an internal promotion is being considered for the president who will succeed Japan Post and Japan Post Insurance.
The company will hold a nominating committee and board meeting on March 27 to determine and announce the future management structure.