Takeda Chemical Industries Ltd. said Tuesday it will appoint board member Yasuchika Hasegawa as its next president and chief operating officer, replacing Kunio Takeda, who will become chairman.
Hasegawa, 56, joined the pharmaceutical company in 1970 and has served as a board member in charge of business strategy since April 2002.
Takeda, 63, will also assume the post of chief executive officer, and chairman Masahiko Fujino will retire, the company said in a statement.
The management reshuffle remains subject to approval at a regular shareholders' meeting June 27.