TOKYO (Jan. 11, 2012)—Bridgestone Corp.'s board of directors has nominated Masaaki Tsuya to become the firm's CEO, succeeding Shoshi Arakawa, who continues as chairman of the board but also relinquishes his president's title.
In addition, the board has nominated Kazuhisa Nishigai, senior vice president, member of the board responsible for Japan tire business, to fill the newly created position of chief operating officer.
The changes are subject to approval by shareholders at the company's annual meeting and subsequent board meeting in March, Bridgestone said.
Tsuya is senior vice president, member of the board responsible for diversified products, sports and cycle business, chief risk-management officer, chief human rights officer responsible for corporate administration, chief compliance officer, office of group CEO, internal auditing.
He was interim chairman of Bridgestone Americas from January to March 2011. He has been with Bridgestone since 1976.
Arakawa the firm's top executive since 2006, has been with Bridgestone since 1968 and has held several overseas positions, including chairman and CEO of Bridgestone/Firestone Europe S.A. from 2001 to 2003.
Nishigai has been with Bridgestone since 1975.
All three will continue to serve as representative board members, Bridgestone said.