Fuji Media Holdings overhauls leadership amid scandal

Fuji Media Holdings will replace CEO Shuu Kanemitsu with current COO Kenji Shimizu, effective pending approval at the June 2025 shareholders meeting. The restructuring aims to improve governance, expedite decision-making, and boost trust after unspecified issues at subsidiary Fuji Television. Board members at both companies will be reduced (Fuji Media Holdings from 17 to 11, Fuji Television from 22 to 10), with independent outside directors comprising a majority (6 of 11) at Fuji Media Holdings. The changes also aim to increase board diversity, with women representing over 30% of director positions at both companies and a significant reduction in the average age of board members. New appointees bring expertise in areas like online media, AI, and global business. Fuji Television's current board members, excluding Kenji Shimizu, will resign by the June shareholders' meeting.