June 29, 2017 / 3:24 AM / 2 months ago

Idemitsu says CEO re-elected to company's board

TOKYO, June 29 (Reuters) - Idemitsu Kosan Co said its chief executive was re-elected to the company's board at an annual shareholders' meeting on Thursday, overcoming opposition from the founding family which holds around a third of the Japanese refiner.

The founding family had said it would vote against the re-election of the CEO, Takashi Tsukioka, and several other board candidates who have been pushing for a full merger with smaller rival Showa Shell Sekiyu.

The founding family opposes the merger plan. (Reporting by Osamu Tsukimori; Editing by Chris Gallagher)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below