Shareholders also approved the promotion of Takashi Shimizu, previously a director with multiple tire business unit responsibilities, to president and group executive officer, tire business. He succeeds as president Takuji Yamamoto — who was reassigned as a special adviser and assistant to general manager, seismic isolation rubber division.
The new appointments were approved at an extraordinary shareholders' meeting held Nov. 12 in Osaka.
Mr. Komaguchi, 64, joins Toyo from Kyocera Document Solutions Inc., where he was a representative director and deputy chairman. He has been advising Toyo since mid-October.
Toyo disclosed the nominations of Messrs. Komaguchi and Shimizu in September.
Mr. Shimzu also is a representative director of Toyo and has three other titles: chief risk management officer; chief compliance management officer; and general manager, seismic isolation rubber division.