The new management must be prepared to take a fresh look at everything in order to revamp a corporate culture that is lacking in openness and prevent recurrences of system failures.
Mizuho Financial Group Inc. has announced a new management structure after a series of system problems.
On Feb. 1, Masahiro Kihara, senior executive officer of Mizuho Financial Group, will succeed President Tatsufumi Sakai, who will resign from his post to take responsibility for the glitches. Deputy President Seiji Imai will become chairman of the group in April. At Mizuho Bank, Deputy President Masahiko Kato will become the president in April.
