MHI Changes Business Structure to Drive Growth Strategies

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Feb 06, 2020 14:00 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI Changes Business Structure to Drive Growth Strategies

New Structure Takes Effect April 1, 2020

- "Growth Strategy Office" to be established under direct CEO supervision, enabling enhanced exploration and development of new businesses
- Existing businesses to be strengthened through reorganization into 3 domains and 4 segments, with flat organization to drive growth

TOKYO, Feb 06, 2020 - (JCN Newswire) - Effective April 1, Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its corporate structure with the establishment of a new "Growth Strategy Office" to enable exploration and development of new businesses, as well as reorganizing its business domains and segments which will lead to a flatter organization to help accelerate its growth strategy.

The reorganization will include absorption of MHI's wholly-owned Group company Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET).

With the new reorganization program, MHI will harness its Group-wide synergies to strengthen earning capacity and global market competitiveness while responding to changes in the external business environment, including the need to accelerate decarbonization initiatives and deal with U.S.-China trade frictions.

For the full release visit https://www.mhi.com/news/story/20020601.html.

Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy, Alternatives

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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