Fukuoka Financial Group Inc. appointed three new directors to its board.

The group appointed Eiji Araki and Koji Yokota as directors, while Toshiya Kosugi was named independent director.

Araki and Yokota are executive officers of the group.

The appointments are subject to shareholder approval at the group's annual shareholders meeting June 29.

In addition, Fumio Sakurai and Satoru Fukuda stepped down as directors, effective April 3.