JFE Holdings, a major steel company, has announced that Yoshihisa Kitano, president of JFE Steel, an operating company under its umbrella, will be appointed as its new president on April 1st.
JFE Holdings held a board of directors meeting on the 6th, and it was decided that President Atsushi Kakiki will step down as director and that Yoshihisa Kitano, president of JFE Steel, an operating company under the company, will become the new president, effective April 1 of this year. Ta.
Mr. Kitano joined the then-Kawasaki Steel Corporation in 1982, and at JFE after the merger, he worked as a steelworks director, and since 2019 has served as president of JFE Steel and representative director of JFE Holdings.
Under the new management structure, the company will not only strengthen its earning power but also move forward with initiatives such as decarbonization at steelworks, which is a common issue in the industry.
At an online press conference, Mr. Kitano said, ``It is important to increase the profitability of the group as a whole.In addition to increasing the profitability of each operating company, we will also implement DX strategies for digitalization, GX strategies for greening, etc. will become a major theme."
The company also announced personnel changes that will see Vice President Masayuki Hirose take over as president of JFE Steel.