Nisshin Steel Decides its New President

A Japanese major galvanized and stainless steel sheet maker Nisshin Steel announced on Thursday Hideo Suzuki, vice-president, assumes the president and chief executive officer on April 1. It is for the first time in 7 years since Yasuyuki Hamada, ex-president the dyed-in-the wool company member assumes the president. Toshihiko Ono, president, assumes the board chairman on April 1. Kazuo Hoshino, the board chairman assumes executive adviser and Minoru Tanaka, and executive adviser, leaves the office on June 28. Ono assumed the vice-president in 2001 from the executive managing director of Nippon Steel, and assumed the president in April 2002. He focused on the improvement of the accomplishment and the fostering of the strategic commercial products. He decided to pass the touch to Suzuki vice-president because there was hope for the improvement of the business performance such as the firm’s expecting to achieve the record-high consolidated recurring profit and increased dividend in the settlement of accounts in fiscal 2005, the year that ends in March 2006.