Shimano has announced that its former chairman Yoshizo Shimano has passed away, having suffered a chronic heart failure. He passed away on July 3rd, aged 89.
Shimano said in a statement:
The contributions he made to Shimano’s business cannot be measured and his impact will be felt forever.
On behalf of our management team and employees, we extend our deepest condolences to his family.
The funeral has been held by close relatives, with his surviving wife, Ms. Ikuko Shimano, representing the family.
His family would like to respectfully decline condolence visits, telegraphs, or funeral offerings at this time.
Yoshizo Shimano was born in 1934 as the third son to the component giant’s founder Shozaburo Shimano. By 1965 Yoshizo had become Shimano’s President of American trade via a business subsidiary. Yoshizo spent 27 years handling this territory as a resident.
By 1995 Yoshizo had become Shimano Inc‘s President and by 2001 its Chairman. That same year he became President of the Bicycle Association of Japan, remaining an honorary Chairman since 2011.