Jiji Press TOKYO (Jiji Press) — NTT Corp. said Friday that it will promote Senior Executive Vice President Jun Sawada, 62, to president.
Incumbent President Hiroo Unoura, 69, will step aside to the post of adviser, the major telecommunications company said.
Three NTT units — NTT East Corp., NTT West Corp. and NTT Data Corp. — are also set to change their presidents.
NTT East Senior Executive Vice President Fukuzo Inoue, 62, NTT West Executive Vice President Mitsuyoshi Kobayashi, 60, and NTT Data Senior Executive Vice President Yo Honma, 62, will take the helm of their respective companies.
The presidential appointments at the parent and the three subsidiaries will take effect in mid- to late June. All four companies will see the first top management reshuffles in six years.
The moves are part of the NTT group’s efforts to boost profits in the internet of things and other fields.
Unoura, who became NTT president in 2012, has promoted the firm’s acquisitions of foreign companies to make it an internationally competitive information technology company.
“I did what I should have done,” Unoura told a news conference in Tokyo on Friday. “I hope that NTT will move forward under the new leadership team.”
“I aim to boost NTT’s growth while promoting innovations,” Sawada said at the same news conference.
Sawada, who joined Nippon Telegraph and Telephone Public Corporation, the predecessor of NTT, in 1978, took up his current post in June 2014.
NTT also said on Friday that its consolidated net profit in fiscal 2017, which ended in March, jumped 13.7 percent from the preceding year to a record ¥909,695 million on the back of the group’s robust overseas operations and strong mobile phone business at home.