Mitsui Engineering & Shipbuilding Co. said Thursday that its managing director, Takao Motoyama, will be promoted to president, replacing Toshimichi Okano.
Okano, 64, will occupy the vacant chairman's post.
The appointments will be formalized at a meeting of Mitsui Engineering's board of directors to be held after a shareholders' meeting June 28.
Motoyama, 60, joined the company in 1966 after attending graduate school at Osaka University and has long worked in the shipbuilding division. He took his current post in June 1999, mainly handling planning and accounting and supporting Okano.