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Kobe Steel names new CEO after fake data scandal

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Japanese steelmaker Kobe Steel named a new CEO on Friday and pledged « fundamental reforms » in the wake of a scandal over fake strength and quality data it submitted to clients. The firm said its board had appointed Mitsugu Yamaguchi, currently Kobe Steel’s executive vice president, to the top role
Japanese steelmaker Kobe Steel named a new CEO on Friday and pledged « fundamental reforms » in the wake of a scandal over fake strength and quality data it submitted to clients.
The firm said its board had appointed Mitsugu Yamaguchi, currently Kobe Steel’s executive vice president, to the top role left empty after Hiroya Kawasaki stepped down on Tuesday.
« Under a new structure in the coming future, Kobe Steel intends to fulfil its responsibilities… along with restoring the trust of everyone as quickly as possible, » the company said in a statement.
« Kobe Steel will move forward with fundamental reforms to the organisation and its corporate culture.

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