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The newly appointed president and chief executive officer of Kobe Steel Ltd. vowed Friday to restore damaged trust caused by a data-falsification scandal at the firm, saying it is essential to rebuild corporate governance and culture.

“Carrying out a drastic reform on governance and corporate culture is my duty and a critical process for our company to regain trust. I am taking this very seriously,” said Mitsugu Yamaguchi, currently an executive vice president at Japan’s third-largest steel-maker, who will assume his new position on April 1.

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