Epson is set to reshuffle its top order with president Minoru Usui to move into the role of chairman and representative director, with Yasunori Ogawa taking over the role of president from his previous position as a director and managing executive officer of the global technology firm.

The changes are set to take effect from April 1.

Epson has released a statement about the changes saying going forward, it is expected that the business will be able to “respond flexibly and rapidly to changes as we seek to improve our corporate value over the medium and long terms”.

“In March 2019, Epson established its Phase 2 Mid-Range Business Plan aimed at achieving its Epson 25 Corporate Vision. By focusing on priority areas, we aim to respond to changes in the business environment and societal needs, and transition to a business capable of generating high profits,” Epson said.

“In the fiscal year ending March 2019, we implemented reforms aimed at strengthening our business structure. In a tough business situation, we have promoted collaboration with partners and open innovation, and have developed and launched original products and services aimed at ensuring future growth.

“Going forward we expect significant and ongoing changes to our business environment. Under the leadership and new perspective of Mr Ogawa we will respond flexibly and rapidly to changes as we seek to improve our corporate value over the medium- and long terms.”

Yasunori Ogawa joined Seiko Epson Corporation in 1988 and was appointed chief operating officer of the visual products operations division in 2017. He has a master’s Degree from the School of Engineering, Tohoku University Graduate School.

He was appointed a director, executive officer of the company in June 2018, and managing executive officer in June 2019.

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