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Orix (NYSE:IX) Corporation (TSE:8591, NYSE:IX) announced on Wednesday management changes and an organizational reform set to take effect on July 1. The company disclosed the updates in a press release statement filed with the Securities and Exchange Commission.
Satoru Matsuzaki will continue as a member of the board of directors and deputy president executive officer, with responsibilities in the Group Strategy Business Unit. His role will now specifically include oversight of the Asia-Pacific region, as well as continuing as head of the Corporate Business Headquarters and chairperson of both Orix Auto Corporation and Orix Rentec Corporation. Previously, Matsuzaki’s responsibilities were defined as covering Asia and Australia.
Yoshiaki Matsuoka will remain as executive officer within the Group Strategy Business Unit, with a clarified focus on the Asia-Pacific business. His previous role was executive officer responsible for the Asia and Australia Business Group.
As part of the organizational reform, the current Asia and Australia Business Group will be divided into two new departments: the Asia-Pacific Strategic Planning Department and the Asia-Pacific Business Management Department. These changes are also effective July 1.
Orix Corporation is a diversified financial services group headquartered in Tokyo, Japan. The information in this article is based on a press release statement filed with the SEC.
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