Fujifilm to change Executive Management

Under the new management structure, the new Chairman Shigetaka Komori will continue as CEO, being responsible for final approval of all management tasks. Shigehiro Nakayama, the new President, will also serve as COO and will be responsible for operations under the overall management policy with a particular focus on strengthening sales and marketing capabilities, increasing cost competitiveness, improving R&D efficiency, and enhancing value-added productivity and capabilities of administrative and other non-production staff.

According to a press release, the appointments are to be formally decided at the Board of Directors’ meeting to be held on June 28, 2012, following the 116th Ordinary General Meeting of Shareholders.

Fujifilm added it has also formulated the medium-term management plan VISION80, outlining the company’s targets and strategies to be achieved by 2013, being the 80th anniversary of the company’s foundation.

In line with this plan, Fujifilm Holdings said it aims to drive further growth in the global market in priority business fields such as healthcare, highly functional materials, document solutions, graphic arts, optical devices, and digital imaging.