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Mitarai Makes Way for Uchida as Canon’s President

5, 12. 2006

Canon Inc. announced on May 12 to promote Executive Vice President Tsuneji Uchida to President and COO. The appointment will take effect on May 23. The decision was made because Fumio Mitarai, Chairman, President and CEO, is to take his post as Chairman of the Japan Business Federation on May 24. Uchida was chosen President after he worked in the field of camera development. Mitarai continues to serve as Chairman and CEO.

Canon also said it will make 3-for-2 stock split to increase individual shareholders. This is the first share splitting since the company was established.

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