Epson Announces Changes in Leadership

Seiko Epson Corporation (TSE: 6724), commonly known as Epson, has officially confirmed a leadership transition following approval by its board of directors. The company has decided to appoint a new president and representative director, marking a significant change in its executive team.

New President Takes Office in April 2025

Effective from April 1, 2025, Junkichi Yoshida, currently serving as Director, Executive Officer, and Chief Operating Officer of the Printing Solutions Division, will step into the role of President, Representative Director, and Chief Executive Officer. He will succeed Yasunori Ogawa, who will assume the position of Chairman and Director.

Strategic Vision and Corporate Growth

This leadership shift aligns with the conclusion of Epson’s Epson 25 Renewed strategy, which has been guiding the company since 2021. As Epson moves towards finalizing its next long-term strategic plan, this change is designed to reinforce its management framework. The new leadership team will focus on strengthening corporate value by crafting and executing a visionary roadmap for future growth.

Outgoing President Ogawa said: “The 2025 fiscal year is the final year of Epson 25 Renewed and is also a pivotal year in the formulation of the next corporate vision for driving future growth. I believe that now is the right time to hand over the reins of the company to a new leader who can shoulder this heavy responsibility. I am confident that Junkichi Yoshida will demonstrate excellent leadership and propel Epson to new heights in the future.”

Commenting on his new position, Ogawa added: “In my role as chairman of the board, I will seek to further enhance board effectiveness; strengthen Epson's corporate governance; engage in external, public, and social activities; and occasionally advise President Yoshida.”

Incoming Epson President Yoshida said: “This year marks the 50th anniversary of the Epson brand. I would like to harken back to our history and prepare for the next 50 years of growth and progress. In this highly competitive age, we must expand our businesses at a rate that exceeds the economic growth rates of nations and regions, both in developed and emerging markets. To achieve this, it is more important than ever to let go of preconceived notions, anticipate the underlying needs of our customers, and provide them with solutions that capitalize on our technology.”

“We have continuously refined our efficient, compact and precise technologies, and we will continue to do so. I believe that our role is to deliver solutions based on these technologies to our customers,” he concluded.