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ECONOMY

Central Japan Railway Chairman Emeritus Kasai to step down as director

  • May 16, 2020
  • , Asahi , p. 6
  • JMH Translation

On May 15, Central Japan Railway Company (JRC) announced that Chairman Emeritus and Director Yoshiyuki Kasai (79) is retiring as director. Kasai will be appointed chairman emeritus at the stockholders’ meeting on June 23. He has been a director of the company since 1987, when JRC was first established, and has long been influential at the company. By stepping down, he hopes to bring new blood into the company’s leadership.

 

Kasai was one of the “three leaders of reform” during the breakup and privatization of Japan National Railways. Following the establishment of JRC, Kasai was appointed director and head of the General Planning Division. He was JRC president from 1995 to 2004 and then chairman until 2014, when he became chairman emeritus and representative director. He stayed in the position until 2018. He has been active as a JRC executive, representing the company for approximately 30 years. His accomplishments include development of the Chuo Shinkansen project with the Superconducting Maglev system and promotion of the export of bullet train technology overseas.

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