Kaizaki to step down in March

TOKYO—Bridgestone Corp. President, Chairman and CEO Yoichiro Kaizaki will step down from his posts after a shareholder meeting in March.

Bridgestone Director Shigeo Watanabe has been appointed successor to Mr. Kaizaki, who will remain with the Japanese tire maker as a full-time adviser.

While no official reason was given for Mr. Kaizaki's departure, he is the second top Bridgestone official to resign in the wake of the 6.5-million Firestone tire recall that began Aug. 9.

Masatoshi Ono, CEO of U.S. subsidiary Bridgestone/Firestone Inc., stepped down Oct. 10 and was succeeded by John T. Lampe.

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