New Straits Times

Kobe Steel president to quit after scandal


TOKYO: Kobe Steel Ltd president Hiroya Kawasaki will resign after Japan’s thirdbigge­st steelmaker said an independen­t investigat­ion into its faked data scandal found further instances of misconduct. Kawasaki, 63, will step down on April 1 and his successor will be selected in coming days, said the company yesterday. Kobe’s executive vice-president and chief of its aluminium and copper unit, Akira Kaneko, will also quit, while the post of executive chairman, which Kawasaki also holds, is to be abolished.

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