SG HOLDINGS
Notice of Change of President and COO (Provisional)
Corporate
SG Holdings Co., Ltd. hereby announces that the Board of Directors resolved at an ordinary meeting held on April 28, 2023, to change the President and COO, and to appoint a replacement (provisional).
This decision is expected to be formally approved at the 17th Ordinary General Meeting of Shareholders, held on June 23, 2023, with the resolution to approve the election of Directors.
Change of the President and COO (as of June 23, 2023)
Name |
New position |
Current position |
Eiichi |
Chairperson and CEO |
Chairperson, CEO and President |
Hidekazu Matsumoto |
President and COO |
Representative Director |
Messages
Chairperson, CEO and President: Eiichi Kuriwada
At present, worldwide socioeconomic activity is facing an uncertain economic environment starting with the spread of COVID-19, such as the emergence of geopolitical risks and the rapid progression of inflation due to the impact of monetary policy, and past successful experiences no longer apply. Furthermore, society is placing higher demands on companies such as becoming carbon neutral by 2050.
In such a highly uncertain business environment, the results of the previous fiscal year and the forecast for this fiscal year are very severe. In order to achieve the targets set for the final year of the current Medium-term Management Plan, it is urgent to make decisions from a higher vantage point and swiftly engage in a variety of measures. Furthermore, business and organizational capabilities need to be strengthened, and in such an environment, young leadership able to face challenges with new ideas is essential. To address this need, Mr. Matsumoto has been elected as the new President and COO based on over 30 years of experience in the Group starting as a sales driver, his performance supporting the foundation of the Group in charge of Management and Control, and his experience being seconded to a government agency, in addition to his performance engaging in group management as Representative Director together with me over the past two years. With the socioeconomic environment continuously undergoing dramatic changes at present, he is expected to imbue management with an awareness of ESG (environment, social, governance). As Chairperson and CEO, I intend to support the Group with a different perspective from that in the past. Under this new structure, we will fully utilize the management resources of the Group even more than in the past, working to form a corporate group that is even more deeply trusted and needed by all our stakeholders including shareholders, customers, employees, local communities, and business partners.
Representative Director: Hidekazu Matsumoto
Amid these tumultuous socioeconomic changes, I feel a great responsibility being appointed as President and COO. The Group is faced with a difficult management environment. I intend to take this as an opportunity and embrace challenges with new ideas to demonstrate the true value of the Group handling social infrastructure. To achieve this, I will fully leverage the experience and knowledge I have developed to date, such as more than 30 years of experience serving in the Group, experience as a secondee to a government agency and playing a central role in Group management, leading to strengthening of the stable management foundation of the SG Holdings Group and further growth in the business. I will continue to work with all employees of the Group to grow as a Group that continues to be needed by all stakeholders. Look forward to it.