Mitsubishi appoints power company boss Katsuya Nakanishi as CEO

Japan’s Mitsubishi Corp said on Friday that executive vice president and chief electrical business officer Katsuya Nakanishi will become the trading house’s new president and chief executive, effective April 1, 2022. The current chairman Takehiko Kakiuchi will become president.

Nakanishi, 61, currently leads the company’s energy solutions group and was involved in its 2019 acquisition of Eneco, one of the largest electricity companies in the Netherlands.

The move comes as Mitsubishi, which has stakes in metals and energy assets including fossil fuels, seeks to adjust its portfolio to meet the growing global trend of decarbonization.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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