
Konica Minolta has made some changes at the executive helm, naming Toshimitsu Taiko, former senior executive vice-president at Konica Minolta, as its new president and CEO. Taiko will take on the role from outgoing president and CEO Shoei Yamana from April 1.
Yamana will then become executive chairman of the business.
According to Konica Minolta, the business made the leadership change as since the COVID-19 outbreak in 2020, the business environment surrounding the company has changed dramatically and it was necessary to further strengthen execution capabilities and accelerate earnings.
“Turning around the office and production print businesses, as the company’s core businesses, as soon as possible, and further enhancing the industry business that drives earnings generation, healthcare business and industrial business are an urgent management issue,” it said.
“In order to complete the medium-term business portfolio transformation and simultaneously resolve short-term issues, the change was necessary.
“FY2022 is the final year of the Medium-term Business Plan “DX2022” and the year for formulating the next business plan. The decision has been made that, in enhancing the corporate value, it is appropriate to change president and CEO at this timing so that the new president and CEO will formulate new Medium-term Business Plan himself and lead the group’s 40,000 global talent and maximise their execution capability.”
In addition, the Medium-term Business Plan “DX2022” aims to complete the two business portfolio transformations through FY2025. To this end, Konica Minolta is accelerating the shift to the digital workplace business by leveraging the customer base of its office printing business and expanding growth in the measurement, inspection and diagnosis fields, centered on its strength of imaging IoT.
“With the appointment of president and CEO, I feel so humbled by the great responsibilities in leading the company. After the integration of Konica and Minolta in 2003, I joined the executive team and have walked through Konica Minolta’s history,” Taiko said.
“Konica Minolta has anticipated changes in society, transformed its business portfolio, and created social values. Today, again amid the transformation, there is no change in our philosophy to deliver socially meaningful value based on our sublime technological capabilities.
“Until FY2025, we will complete the transformation of our business portfolio. At the same time, I will listen sincerely to the opinions of our stakeholders, including customers, employees, communities, stockholders, and business partners, and improve Konica Minolta’s corporate value through dialogue.
“The company has strengthened its sustainability. We believe contributing to the realisation of a sustainable society where everyone can live with a purpose is the only way to achieve the sustainable growth of the company.
“Under our philosophy of “The Creation of New Value,” Konica Minolta has responded to social demands while pursuing the new value required in that age. Looking ahead to society in 2030 and beyond, I will lead Konica Minolta’s transformation into a company clearly committed to solving social issues and meet the expectations of our stakeholders by growing and thriving again.”
Taiko has led the Business Technologies Business, the mainstay of Konica Minolta, including management at overseas subsidiaries. During that time, Taiko put the new businesses on a steady track and maintained existing businesses, while bringing together complex organisations.
Since FY2020, as senior executive vice-president, Taiko has been responsible for corporate planning, investor relations and corporate communications, and committed to steering management from a company-wide perspective by devising and implementing long-term visions and the Medium-term Business Plan and engaging with stakeholders.
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