Shimano undergoes structural changes to executive management

As a result of the 114th General Meeting of Shareholders and the Board of Directors, Shimano’s top management is undergoing official structural changes as of 30 March 2021 where new Representative Directors, including the President of Shimano, have been appointed.

Former President, Yozo Shimano, will carry out the role of Shimano’s Chairman and CEO. The presidency will be handed over to Taizo Shimano, who joined the company in 1991 and served as a Senior Executive Vice President after leading Shimano’s Fishing Tackle Division.

Additionally, Keiji Kakutani will assume the office as Senior Advisor, while his Deputy President position will be transferred to Takashi Toyoshima, who has experience of holding senior positions in Shimano’s Bicycle Components Division before acting as Senior Executive Vice President.

These organizational changes are aimed at enhancing the further growth of the company as well as strengthening its management base.

Taizo Shimano, the newly appointed President, said: “On March 21, 2021, Shimano celebrated the centennial anniversary of its founding. On this occasion, I would like to express my deepest gratitude to you for your generous support of Shimano over the past century. I also hope to inform you that on this important milestone for our company, I assumed the office of president.

“Looking into the coming century, I believe that it is an urgent task for Shimano to radically innovate its manufacturing systems and improve its business efficiency by thoroughly adopting digital technologies so as to establish a corporate structure capable of meeting changing customer demands.”

Taizo added: “At the same time, we must strive to create a sustainable society, adhering to the following tagline: Closer to Nature, Closer to People. Since our products are used for activities performed in natural settings, we are especially aware of our responsibility for protecting the natural environment. Concurrently, we must also fulfil our responsibility as a global corporate citizen and contribute to local communities.”