Takefuji launches corporate reorganization; new president named

By Caroline Salls

Pittsburgh, Sept. 28 - Takefuji Corp.'s board of directors has decided to file a petition to begin corporate reorganization procedures, according to a company news release.

In addition, the company said Junichi Yoshida has been appointed representative director and president.

Akira Kyokawa has retired from his post of representative director and president, and Taketeru Takei has retired as representative director and executive vice president.

Takefuji is a Tokyo-based consumer finance company.

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