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New Structure Takes Effect April 1, 2020
- "Growth Strategy Office" to be established under direct CEO supervision, enabling enhanced exploration and development of new businesses
- Existing businesses to be strengthened through reorganization into 3 domains and 4 segments, with flat organization to drive growth |
TOKYO, Feb 6, 2020 - (JCN Newswire) - Effective April 1, Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its corporate structure with the establishment of a new "Growth Strategy Office" to enable exploration and development of new businesses, as well as reorganizing its business domains and segments which will lead to a flatter organization to help accelerate its growth strategy.
The reorganization will include absorption of MHI's wholly-owned Group company Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET).
With the new reorganization program, MHI will harness its Group-wide synergies to strengthen earning capacity and global market competitiveness while responding to changes in the external business environment, including the need to accelerate decarbonization initiatives and deal with U.S.-China trade frictions.
For the full release visit https://www.mhi.com/news/story/20020601.html.
Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy, Alternatives
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From the Asia Corporate News Network
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