Frthr re Bus. Reorganization
December 27 2002 - 5:26AM
UK Regulatory
RNS Number:5948F
Mizuho Holdings Inc
27 December 2002
Announcement of Management Candidates
of Mizuho Financial Group. Inc. and Mizuho Holdings. Inc.
On December 4, 2002, Mizuho Holdings, Inc. ("MHHD") announced the implementation
of a program titled "Business Reorganization" of the Mizuho Financial Group in
order to reform the group strategy drastically and to enhance our
competitiveness, secure high-level and stable profitability, and maximize the
corporate value on a group basis.
Today, as part of the implementation of the "Business Reorganization," we are
announcing the candidates for director and corporate auditor positions of Mizuho
Financial Group, Inc., ("MHFG"), which will become a new financial holding
company of the group, and MHHD, which will become a holding company responsible
for the business management of the group's banking and securities business
sector as attached hereafter.
Subject to the approval of relevant government authorities and the resolution to
be made at the shareholders meeting, MHFG, which is scheduled to be established
as a wholly owned subsidiary of MHHD on January 8, 2003, will become a financial
holding company through a stock-for-stock exchange ("kabushiki-kokan") with MHHD
on March 12, 2003. MHHD will then become an intermediate holding company for the
group's banking and securities business sector as a wholly owned subsidiary of
MHFG.
(Mizuho Financial Group, Inc.)
1. Board of Directors and Corporate Auditors
(Newly appointed, effective as of January 8, 2003.)
Title Name
President & CEO Mr. Terunobu Maeda
Deputy President Mr. Yuji Watanabe
Deputy President Mr. Tadao Noda
Deputy President Mr. Yukio Obara
Director Mr. Hiroshi Saito
Director Mr. Tadashi Kudo
Director Mr. Yoshiharu Fukuhara
Director Mr. Glen S. Fukushima
Corporate Auditor Mr. Yoriaki Sakata
Corporate Auditor Mr. Minoru Nakai
Corporate Auditor Mr. Setsuo Umezawa
Corporate Auditor Mr. Yukio Nozaki
Corporate Auditor Mr. Toshiaki Hasegawa
same as the present directors and corporate auditors of
Mizuho Holdings, Inc.
(Mizuho Holdings, Inc.)
1. Board of Directors and Corporate Auditors
(Newly appointed, effective as of March 12, 2003.)
Title Name Current Position
President & CEO Mr. Terunobu Maeda Mizuho Holdings, Inc.
President & CEO
Director Mr. Hiroshi Saito Mizuho Corporate Bank, Ltd.
President & CEO
Director Mr. Tadashi Kudo Mizuho Bank, Ltd.
President & CEO
Director Mr. Yoshio Osawa Mizuho Securities Co., Ltd
President
Director Mr. Taira Hosaka Mizuho Investors Securities Co., Ltd.
President
Director Mr. Hideshi Iwai Mizuho Securities Co., Ltd
Advisor
Director Mr. Shoichi Nakai Mizuho Bank, Ltd
Internal Audit Division
Senior Manager
Corporate Auditor Mr. Hiroaki Noda Mizuho Corporate Bank, Ltd.
Human Resources Division
General Manager
Corporate Auditor Mr. Yoriaki Sakata Mizuho Holdings, Inc.
Corporate Auditor
Corporate Auditor Mr. Toshiaki Hasegawa Mizuho Holdings, Inc.
Corporate Auditor
This information is provided by RNS
The company news service from the London Stock Exchange
END
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