Yokohama Names New CEO and Makes Several Other Corporate Management Changes

Yokohama Tire Corporation (YTC) announces several corporate strategic management changes, including naming a new CEO, effective May 1. These changes and promotions include:

• Hikomitsu Noji has been named CEO of YTC. As chief executive officer, Noji assumes the overall leadership of YTC in addition to being President and Representative Director of The Yokohama Rubber Co. Ltd. (YRC), YTC’s parent company in Japan. Noji is expected to travel to the United States regularly in his new role but will remain based at YRC’s headquarters in Tokyo.
• Takayuki Hamaya will be in charge of YTC’s day-to-day operations including strategy development, corporate planning and driving YTC’s business performance. Hamaya will retain his title of Chief Operating Officer.
• Yasushi Tanaka, who has been YTC’s President and CEO since June 2011, will return to YRC as Assistant to the President of Tire Business Group. In his new capacity, Tanaka will oversee YRC’s global plans on new plant constructions as well as expansions on existing plants.

“Yokohama is fully committed to investing resources in the North American marketplace,” says Tadanobu Nagumo, YRC Chairman and CEO, “and we are confident that this vital market will be served most effectively with the key management structure we have put in place.”