Mizuho Financial Group Inc. nominated Tatsufumi Sakai and Hisashi Kikuchi to its board, subject to shareholder approval.
Sakai was named group CEO and president in January, replacing Yasuhiro Sato.
The company added in a March 9 release that Sakai and Koji Nishiwaki were named to the board at unit Mizuho Bank Ltd., effective April 1. Sato and Ryusuke Aya will retire from the bank's board, effective the same date.
Kazutoshi Narita and Shigeo Ohara were also named to Mizuho Bank's board, while Yuta Chiba and Isao Imai will retire. These will take effect in late June.
Sakai was also nominated as a board director at Mizuho Trust & Banking Co. Ltd. and Mizuho Securities Co. Ltd., while Sato retired from the boards of both units, effective April 1.
Hiroki Takeshi was named a director on the board of Mizuho Securities, while Takehiko Iida and Yasuhiko Imaizumi stepped down as the unit's board director and chairman, respectively. These will take effect in late June.
