Fujifilm Holdings Corp. will promote Executive Vice President Shigehiro Nakajima, 63, to president succeeding Shigetaka Komori, sources said Thursday.
Komori, 72, will step aside to the post of chairman with the right to represent the company while retaining his title of chief executive officer.
The appointments, aimed at rejuvenating management, will be formalized after a general shareholders’ meeting June 28.
Komori became president in 2000 and led Fujifilm’s business diversification to deal with the shrinking photographic film market.
Nakajima joined Fujifilm in 1973 and has been engaged mainly in the engineering field. He headed the company’s arm overseeing its European operations before becoming executive vice president last June.