Nippon Steel Names New President
01/18/2008 - Nippon Steel announces that Vice President Shoji Muneoka, 61, will become President of the corporation on April 1.
Nippon Steel Corp. announced that Vice President Shoji Muneoka, 61, will become President of the corporation on April 1.
Incumbent President Akio Mimura, 67, is set to become Chairman. The Chairman’s post has been vacant since the death of Akira Chihaya in January 2007.
Mimura, who took the office of President nearly five years ago, has led Nippon Steel's efforts to focus on high-grade steel products. The company expects to report a record profit for the fourth straight year in the year ending next March.
Muneoka joined the company in 1970 when Yawata Iron & Steel Co. and Fuji Iron and Steel Co. merged into Nippon Steel.
Incumbent President Akio Mimura, 67, is set to become Chairman. The Chairman’s post has been vacant since the death of Akira Chihaya in January 2007.
Mimura, who took the office of President nearly five years ago, has led Nippon Steel's efforts to focus on high-grade steel products. The company expects to report a record profit for the fourth straight year in the year ending next March.
Muneoka joined the company in 1970 when Yawata Iron & Steel Co. and Fuji Iron and Steel Co. merged into Nippon Steel.
Nippon Steel Corp. is one of the largest manufacturers and marketers of steel products in the world. The company is expanding into new fields such as electronics, new materials and urban development. Operations are carried out through its Steelmaking/Steel Fabrication Division (steel products, specialty steel, secondary products, and related operations); Engineering/Construction Division (plants, industrial equipment/furnaces, and civil engineering); Urban Development Division (city development, condominiums, other real estate, and theme parks); Chemicals/Nonferrous Materials Division (coal-tar, ammonium sulfate, coke, chemical products, and fine ceramics); and Electronics/Information Systems Division (system solution, system development, computers, and data processing/communications services).
