Masaaki Tanaka
Profile
Performance in office
Tenure
Tenure
Background
He joined The Mitsubishi Bank in April 1977, becoming Managing Executive Officer in May 2007 and Senior Managing Executive Officer and Chief Executive for the Americas in May 2011. He became Representative Director and Deputy President of Mitsubishi UFJ Financial Group in June 2012, and Representative Director, President and CEO of Japan Investment Corporation in September 2018. He moved to Nippon Paint in March 2019, joining first as Representative Director and Chairman. He was an outsider from banking and investment with no career in the paint business.
Selection
In January 2020 he became Representative Director, Chairman, President and CEO, succeeding Tetsushi Tado. He took on the presidency ten months after joining as Chairman in March 2019. In the fiscal year before he took office, ended December 2019, consolidated revenue was ¥692.0 billion and net income ¥36.7 billion, while operating income had fallen by ¥8.4 billion from ¥86.5 billion the previous year to ¥78.1 billion. The largest shareholder as of the fiscal year ended March 2015 was NIPSEA INTERNATIONAL LIMITED with 38.99%.
Initiatives
His tenure lasted one year and three months, from January 2020 to April 2021. In March 2020 he became Director, Chairman, Representative Executive Officer, President and CEO. The decision made during his tenure was a ¥1.3 trillion third-party allotment of new shares to Wuthelam, used to make the Asian joint ventures wholly owned subsidiaries. Consolidated revenue rose from ¥692.0 billion in the fiscal year ended December 2019, before he took office, to ¥772.5 billion in FY ended December 2020, and operating income from ¥78.1 billion to ¥87.6 billion. Employees also increased from 25,970 to 27,318.
Career
Career
Mitsubishi Bank
| Date | Position |
|---|---|
| Apr 1977 | Joined |
| May 2007 | Managing Executive Officer |
| May 2011 | Senior Managing Executive Officer, Americas, Chief Representative |
Mitsubishi UFJ Financial Group
| Date | Position |
|---|---|
| Jun 2012 | Representative Director, Executive Vice President |
Japan Investment Corporation
| Date | Position |
|---|---|
| Sep 2018 | Representative Director, President, CEO |
Nippon Paint Holdings
| Date | Position |
|---|---|
| Mar 2019 | Representative Director, Chairman |
| Jan 2020 | Representative Director, Chairman and President, CEO |
| Mar 2020 | Chairman, Representative Corporate Executive Officer, President and CEO |
| Apr 2021 | Stepped down as President |
References 1
References (Japanese primary sources)
- 日本ペイント 有価証券報告書【役員の状況】