Mizuho Financial Group is set to make an internal appointment of a new chairman, replacing incumbent Yasuhiro Sato who oversaw the Japanese megabank during a series of rapid technical failures.
Mizuho will name current deputy president Seiji Imai as its new chairman to replace the incumbent Yasuhiro Sato in April, according to a report by Japanese media «Kyodo News».
The appointment is viewed as part of Mizuho’s efforts to transform corporate culture and restore public confidence, the report added.
Earlier this week, Mizuho also decided to promote Masahiro Kihara to chief executive, replacing incumbent Tatsufumi Sakai on April 1.
Technical Failures: Ongoing
Meanwhile, the number of glitches at Mizuho continues to pile up with 10 system failures since February last year.
Its most recent failure occurred on Tuesday this week, which involved troubles for its business clients when using online banking services.
