[HIGHLIGHTS] Yoshihisa Kitano appointed as new president of JFE Holdings Personnel announcement

Yoshihisa Kitano, president of JFE Steel, will be appointed as its new president on April 1st. Mr.

Kitano joined the then-Kawasaki Steel Corporation in 1982, and at JFE after the merger, he worked as a steelworks director. 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. The company also announced personnel changes that will see Vice President Masayuki Hirose take over as president ofJFE Steel.