Japanese electronics company Epson today announced two key leadership appointments that aim to set down a “solid management foundation” for the future of the business starting from 1 April this year.

Yasunori Ogawa, the current CEO, president and representative director of Epson has been named chairman and director, while Junkichi Yoshida, the current executive officer and COO in the Printing Solutions Division, has been elevated to the post of CEO, president and representative director.

In his nearly four decades of service at Epson, Yoshida is thus expected to lead a new chapter in the history of Epson. He was appointed to his current role as executive officer in June 2020 and made COO barely a year later.

Meanwhile, Ogawa is preparing to hand over the reins. Last December, he visited Epson’s regional headquarters in Singapore to speak to the teams about the company’s purpose.

“At Epson, our mission is to create efficient, compact, and precise innovations that enrich lives and help create a better world,” Ogawa said.

Every small or big initiative we undertake is contributing to our vision of a sustainable and enriched future.”

With the transition process now set in motion, Epson said it will continue its a mission of “achieving sustainability and enriching communities as part of its Epson 25 Renewed corporate vision”.

The company said it is gearing up for its next innovation projects and ensuring the next generation of leadership is in place.

“The 2025 fiscal year is the final year of Epson 25 Renewed. It is also a year during which Epson will finish formulating its next strategic corporate vision for driving future growth,” the company said in a statement.

“It is important for the company to steadily execute its plans for the next generation and rapidly develop pioneering products and the technologies that support them in both growth and new areas.”

The leadership change was discussed extensively by the Director Nomination Committee and affirmed by the Board of Directors.

The objective of the transition, Epson said, was “to accelerate the construction of a solid management foundation aimed at enhancing corporate value, under a new management team that will be responsible for everything from formulating the next corporate vision to executing the strategies therein”.