Ex-Mizuho Leader Maeda Picked as Next NHK President

Economy Society

Tokyo, Dec. 9 (Jiji Press)--The Board of Governors of Japan Broadcasting Corp., or NHK, on Monday selected former Mizuho Financial Group Inc. <8411> Chairman Terunobu Maeda as the next president of the public broadcaster to succeed Ryoichi Ueda.

Maeda, 74, will take office on Jan. 25, 2020, the day after the term of office for Ueda, 70, expires. He will be the first person from the financial industry to become NHK president. Ueda will step down after serving one three-year term.

Maeda "has sophisticated management skills, successfully integrating three large banks," Susumu Ishihara, chairman of the NHK board, told a press conference on Monday. The Mizuho group was launched through the integration of Dai-Ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan.

"He can surely exercise leadership to reform NHK," Ishihara, a consultant at Kyushu Railway Co. <9142>, or JR Kyushu, added.

"I hope to quickly grasp the situation at NHK and conduct work that is suitable for a public broadcaster," Maeda said in a statement the same day. He is expected to hold a press conference Tuesday.

[Copyright The Jiji Press, Ltd.]

Jiji Press