Sumitomo Heavy Industries, Ltd. Announces Management Changes
November 29, 2023 at 01:00 am EST
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Sumitomo Heavy Industries, Ltd. announced the following organizational changes and transfers of executive officers and others personnel that were resolved at a board meeting held on November 29, 2023. Transfers of Executive Officers and Others (effective January 1, 2024): Eiji Kojima: Post(s) Retained: Representative Director, Executive Vice President, General Manager of Export Administration Department, General Manager of
Energy & Lifeline Segment; Former Post(s): General Manager of Corporate Planning Group; New Post(s): Assisting the President & CEO in all aspects of operations. Toshiro Watanabe: Post(s) Retained: Director; Former Post(s): Senior Vice President General Manager of Corporate Finance, Accounting & Administration Group; New Post(s): Executive Vice President & CFO. Tatsuro Araki: Post(s) Retained: Director, General Manager of Power Transmission & Controls Group; Former Post(s): Senior Vice President; New Post(s): Executive Vice President. Toshiharu Tanaka: Post(s) Retained: Executive Vice President, General Manager of Globalization Department; New Post(s): General Manager of Corporate Economic Security Department. Shaun Dean: Post(s) Retained: Senior Vice President Assisting the President & CEO in European operations Assisting the General Manager in all aspects of Power Transmission & Controls Group; New Post(s): Sumitomo Heavy Industries (Europe) B.V. Managing Director. Isamu Mitsuhashi: Post(s) Retained: Vice President; Former Post(s): Director of Sumitomo Construction Machinery Co., Ltd. Director of Sumitomo Construction Machinery Sales Co., Ltd.; New Post(s): Representative Director, President & CEO of Sumitomo Construction Machinery Co., Ltd. Representative Director, President & CEO of Sumitomo Construction Machinery Sales Co., Ltd. Hiroyuki Tominaga: Post(s) Retained: General Manager of Industrial Equipment Division; New Post(s): Vice President. Masaki Arai: Former Post(s): Leader of Corporate Planning Department, Corporate Planning Group; New Post(s): Vice President General Manager of Corporate Planning Group. Yasunobu Kazumi: Former Post(s): Senior Vice President Representative Director, President & CEO of Sumitomo Construction Machinery Co., Ltd. Representative Director, President & CEO of Sumitomo Construction Machinery Sales Co., Ltd.; New Post(s): Full-time Adviser Representative Director & Chairman of the Board of Sumitomo Construction Machinery Co., Ltd. Kazuhisa Ishida: Former Post(s): Director of Sumitomo Heavy Industries Construction Cranes Co., Ltd.; New Post(s): Representative Director, President & CEO of Sumitomo Heavy Industries Construction Cranes Co., Ltd. Arata Ishimaru: Former Post(s): Leader of Corporate Administration Department, Corporate Finance, Accounting & Administration Group; New Post(s): General Manager of Corporate Finance, Accounting & Administration Group. Junichi Kasahara: Former Post(s): Leader of General Administration Department, General Administration Group; New Post(s): General Manager of General Administration Group. Effective in late March 2024: External director scheduled to retire: Hideo Kojima, currently External Director.
Sumitomo Heavy Industries, Ltd. specializes in the design, manufacturing and marketing of industrial and construction equipment. Net sales break down by family of products as follows:
- construction equipment (29.3%): hydraulic excavators, cranes, road machinery, etc.;
- precision machinery (20.8%): molding machines by injection, electric injection molding machines, medical use cyclotrons, etc.;
- equipment for environment protection (19.8%): energy generators, industrial wastewater processing systems, air pollution control units, etc.;
- machinery components (14.4%): power transmission and control systems (gears, power inverters, geared motors, gearboxes, etc.), motors, mechanical coupling systems, etc.;
- industrial equipment (11%): handling systems, logistic equipment, gas turbines, pumps, etc.;
- ships (4%);
- other (0.7%).