OSAKA, Japan— Toyo Tire & Rubber Co. Ltd. has promoted Kenji Nakakura, president and CEO since 2007, to chairman, and Akira Nobuki, executive corporate officer since last April, to president and CEO.
Toyo did not elaborate on the reasons for the changes or the executives' new responsibilities.
Nakakura, 64, has been with Toyo since 1971. Among his previous positions were managing executive officer and president of the entity that oversees Toyo's chemical and industrial products/automotive parts divisions.
Nobuki joined Toyo in 1978 and has spent most of his career in the company's tire business.