TOKYO (Jan. 12) – Shoshi Arakawa, executive vice president at Bridgestone Corp. in Japan, will become the company´s president effective March 30, the tire maker announced today.
Shigeo Watanabe, the firm´s chairman, CEO and president, will step down after the company's general meeting of shareholders March 30. Watanabe will continue to serve as a board member and advisor to the board.
Arakawa, 61, is a 37-year Bridgestone veteran who has held several overseas positions, including chairman and CEO of Bridgestone/Firestone Europe S.A. from 2001 to 2003 and more recently senior vice president responsible for international operations.
Watanabe, 62, joined Bridgestone in 1965 and served as an executive both in the U.S. and Europe during his 40 years with the company. He was named the firm´s top executive in January 2001 to replace Yoichiro Kaizaki, who stepped down in the wake of the Firestone Wilderness/ATX recall in the U.S.