TOKYO—Sumitomo Rubber Industries has launched a management reshuffle, including the appointment of a new CEO in March.
The company's board of directors elected and appointed a company director Satoru Yamamoto as the next CEO at a meeting on Dec. 27. Yamamoto's appointment will need to be approved during the next SRI annual general meeting, scheduled for March 26.
If approved, current CEO Ikuji Ikeda will become chairman of the board of directors.