AGC announces leadership transition, shift to audit & supervisory committee company

AGC Inc. announced a leadership transition, with Yoshio Takegawa appointed as the new representative director and executive vice president, CFO, effective March 27, 2026. This follows Shinji Miyaji's resignation as director and senior executive vice president in March 2026. Takegawa, currently a senior executive officer, will be promoted to executive vice president, CFO, on January 1, 2026, ahead of his appointment to the board.

Concurrently, AGC Inc. plans to transition from a Company with an Audit & Supervisory Board to an Audit & Supervisory Committee Company, pending approval at the 101st Ordinary General Meeting of Shareholders in late March 2026. This change aims to strengthen the board's oversight function and accelerate value creation by having external directors form a majority of the board.

Under the new governance structure, the board of directors will comprise 10 members (4 internal, 6 external), and the Audit & Supervisory Committee will consist of 4 members (1 internal, 3 external), all of whom will be directors. This transition redefines the board's role to focus on long-term strategic direction, appropriate risk-taking, and oversight of value creation.