Nomura CEO Koji Nagai to Step Down in April 2020
- Nagai is being replaced by the co-COO of Nomura, Kentaro Okuda.
There’s about to be a big change at Nomura, with the company announcing this Monday that its Chief Executive Officer (CEO), Koji Nagai, will be stepping down from his role after seven years at the helm.
Koji Nagai
Photographer: Tomohiro Ohsumi/Bloomberg
Effective from the 1st of April 2020, Nagai will no longer be the CEO of the Nomura Group and will transition to the role of Chairman of the Board of Directors. Nagai is being replaced by Kentaro Okuda, who is currently the co-chief operating officer of the Japanese financial firm.
It goes without saying that Nagai’s tenure as the CEO has been rocky, as he tried to turn the company around after its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Lehman Brothers’ non-US operations. In fact, since the Second World War, he has been the second longest-serving CEO.
During his tenure, Nagai had been a popular choice among investors. Recently, however, Nomura has been achieving weak results, which has seen his popularity drop significantly.
As Finance Magnates reported, the company reported its first full-year net loss in more than a decade, for the year ended March 31, 2019. During the period, Nomura posted a net loss of ¥100.4 billion, down from the previous year’s profit of ¥219.3 billion.
Since then, Nagai had received a negative reception with proxy advisers recommending shareholders vote against his reappointment earlier this year. In the company’s June annual general meeting, he received only 61.7 percent of investors’ support to continue as CEO. This was down significantly from the 94 percent he received the previous year.
Kentaro Okuda joined Nomura in 1987
Okuda has been with Nomura since 1987 and has been rising through the ranks for the past three decades. Namely, he has worked in the company’s Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term and acquisitions unit and was the Director and Deputy President of Nomura Securities before his current position of COO and Deputy President.
There’s about to be a big change at Nomura, with the company announcing this Monday that its Chief Executive Officer (CEO), Koji Nagai, will be stepping down from his role after seven years at the helm.
Koji Nagai
Photographer: Tomohiro Ohsumi/Bloomberg
Effective from the 1st of April 2020, Nagai will no longer be the CEO of the Nomura Group and will transition to the role of Chairman of the Board of Directors. Nagai is being replaced by Kentaro Okuda, who is currently the co-chief operating officer of the Japanese financial firm.
It goes without saying that Nagai’s tenure as the CEO has been rocky, as he tried to turn the company around after its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Lehman Brothers’ non-US operations. In fact, since the Second World War, he has been the second longest-serving CEO.
During his tenure, Nagai had been a popular choice among investors. Recently, however, Nomura has been achieving weak results, which has seen his popularity drop significantly.
As Finance Magnates reported, the company reported its first full-year net loss in more than a decade, for the year ended March 31, 2019. During the period, Nomura posted a net loss of ¥100.4 billion, down from the previous year’s profit of ¥219.3 billion.
Since then, Nagai had received a negative reception with proxy advisers recommending shareholders vote against his reappointment earlier this year. In the company’s June annual general meeting, he received only 61.7 percent of investors’ support to continue as CEO. This was down significantly from the 94 percent he received the previous year.
Kentaro Okuda joined Nomura in 1987
Okuda has been with Nomura since 1987 and has been rising through the ranks for the past three decades. Namely, he has worked in the company’s Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term and acquisitions unit and was the Director and Deputy President of Nomura Securities before his current position of COO and Deputy President.