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Lixil Group Corporation CEO Yoichiro Ushioda Resigned

Head of Japan’s Lixil bows to investor pressure in boardroom drama

TOKYO, April 18 (Reuters) – Japanese toilet maker Lixil Group’s CEO is to resign next month, marking a rare victory for activist minority shareholders who had demanded that he step down. Yoichiro Ushioda’s plan to resign, announced on Thursday, could be a signal that vocal minority shareholders are becoming more successful in changing the management of Japanese companies following Prime Minister Shinzo Abe’s efforts to strengthen corporate governance.


Name: Yoichiro Ushioda

Continent: Asia

Country: Japan

Company: Lixil Group Corporation

Position: CEO

Reason: Resigned

Announcement Date: April 17, 2019, 10:00pm

Resignation Date: April 17, 2019, 10:00pm

Source 1: https://www.reuters.com/article/lixil-group-shareholders-idUSL3N2202UL


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