Mitsubishi Chemical Holdings Corporation Announces Change in Representative Corporate Executive Officers
October 23, 2020 at 02:40 am EDT
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Mitsubishi Chemical Holdings Corporation announced that, at the meeting of its Board of Directors held on October 23, 2020, it resolved change of representative corporate executive officers as outlined below. Change in Representative Corporate Executive Officers: (Appointed) Name: Jean-Marc Gilson, Title: Representative Corporate Executive Officer, President and Chief Executive Officer; and (Retiring) Name: Hitoshi Ochi, Title: Representative Corporate Executive Officer, President and Chief Executive Officer. Scheduled Date of Appointment is April 1, 2021. Reason for the Change: MCHC converted to a company with a nominating committee, etc. in June 2015. Since then, the Nominating Committee has carried out preparations to properly conduct nominations, taking into account the period covered by the medium-term management plan and other factors. Representative Corporate Executive Officer, President and CEO, Hitoshi Ochi, has recently expressed his intent to retire at the end of the current fiscal year that coincides with the conclusion of the current medium-term management plan, where the fortification of its business infrastructure has been achieved to a meaningful degree. Therefore, the Nominating Committee explored and selected specific candidates of his successor. The Nominating Committee searched globally for suitable candidates, both inside and outside the company. It conducted multifaceted evaluations, including interviews with candidates and gathered references from related parties on the past performance of potential candidates. The Nominating Committee ultimately nominated Jean-Marc Gilson based on which MCHC, at the meeting of Board of Directors, adopted the resolution to select him as the next Representative Corporate Executive Officer, President and CEO. Jean-Marc Gilson served as COO at NuSil Technology. At present, he serves as CEO of Roquette, headquartered in France.
Mitsubishi Chemical Group Corporation (formerly Mitsubishi Chemical Holdings Corporation) is a holding company organized around 5 groups of products:
- petrochemical products (32.4% of net sales): ethylene, propylene, benzene, coke, ether, etc.;
- performance chemicals and materials (28.6%): performance polymers, food ingredients, polyester films, polyvinyl alcohol-based films, water treatment products, carbon fibres and composite materials, etc.;
- industrial gases (23.9%);
- healthcare products and equipment (10.1%): pharmaceutical products, reagents and diagnostic instruments, active pharmaceutical ingredients, pharmaceutical intermediates, etc.;
- other (5%).