Japan Post Holdings’ next outside directors to include Mitarai

JIJI

Japan Post Holdings Co. plans to name four people from the business community, including Canon Inc. President and Chairman Fujio Mitarai, 77, as outside board directors under its new management team to be launched shortly.

The three others are Nippon Steel & Sumitomo Metal Corp. adviser Akio Mimura, 72, JX Holdings Inc. adviser Fumiaki Watari, 76, and Mitsubishi Estate Co. Chairman Keiji Kimura, 66, sources said Monday.

Experts in compliance and corporate governance will also be invited to serve as outside directors, according to the sources.

Japan Post Holdings also plans to reduce the number of board directors to 13 from the current 18, to speed up decision-making by concentrating power in Taizo Nishimuro, 77, former Toshiba Corp. president who is seen to become president of the holding firm, the sources said.

Japan Post Holdings Executive Vice President Toru Takahashi, 58, who is set to become president of mail service unit Japan Post Co., and Japan Post Insurance Co. President Masami Ishii, 60, will double as board members of the parent company.

Japan Post Holdings Chairman Takashi Nishioka, 77, and chairmen of the mail and insurance subsidiaries and Japan Post Bank, another unit, will leave their posts. After that, the parent and the three units will not have the post of chairman.