Japan’s Mitsubishi Heavy Industries (MHI) announced it would operate under a new president and chief executive officer (CEO) from April 1.
Taking on the challenges of the 4th industrial revolution and promising artificial intelligence (AI) integration into MHI’s existing offerings, the new president and CEO – Seiji Izumisawa – will also continue to serve as the company’s chief strategy officer (CSO), a role he currently holds.
Izumisawa is succeeding Shunichi Miyanaga, who will take on the role of chairman of the board after six years as MHI’s executive leader, the company outlined in an announcement.
The appointment of Izumisawa as CEO and other changes to executive-level personnel were approved at a meeting of MHI’s board of directors held in Tokyo on February 6.
Izumisawa assumes the role of president & CEO, CSO after serving as member of the board, executive vice president, CSO, head of business strategy office since June 2018, his latest position in a more than 30-year career at MHI.
“Under Mr. Miyanaga’s visionary stewardship MHI Group has transformed, and grown significantly both in revenues and global reach,” Izumisawa commented. “Building on his legacy, MHI Group will use its collective strengths as a conglomerate to take on the challenges of the 4th industrial revolution and leverage the opportunities offered by ongoing major changes in the world to deliver growth.
“The company will venture into new areas and new technologies; incorporate AI into our existing offerings and develop next-generation solutions in new areas like cyber security.”