Japan Oil Distributor JXTG to Be Renamed Eneos

Economy

Tokyo, Nov. 28 (Jiji Press)--Major Japanese oil distributor JXTG Holdings Inc. <5020> said Thursday it will change its name to Eneos Holdings Inc. in June 2020.

Its core unit, refinery and gas station operator JXTG Nippon Oil & Energy Corp., will be renamed Eneos Corp. also next June.

The rebranding is part of reforms in the JXTG group's management structure, including an increase in officers holding posts in both companies and the integration of management-related divisions.

Through the reforms, the group hopes to speed up its decision-making and business execution, officials said.

JXTG Holdings was created in April 2017 through the integration of JX Holdings Inc. and TonenGeneral Sekiyu K.K.

[Copyright The Jiji Press, Ltd.]

Jiji Press