K Line announces CEO succession plan

Changes are afoot at top management at Kawasaki Kisen Kaisha (K Line), one of the largest shipping lines in the world.

The Tokyo-headquartered company revealed today that, pursuant to a shareholder vote in March, Takenori Igarashi will become president and CEO replacing Yukikazu Myochin who will become chairman.

Myochin has been in charge of K Line since 2019, while Igarashi has been with the company since 1991.

In Japanese corporate culture, the chairman position tends to be a largely ceremonial role after a period as CEO en route to retirement.