MELVILLE, N.Y., March 10, 2020 /PRNewswire/ -- Canon U.S.A., Inc., a leader in digital imaging
solutions, has announced that Mr. Yoroku Adachi, the company's
chairman and CEO, is retiring. His last day of work will be
March 31, 2020. Mr. Adachi, who also
is retiring as executive vice president of Canon Inc. in
Japan and Chairman and CEO of
Canon Solutions America, has enjoyed a distinguished 50-year career
with Canon that included leadership roles at Canon companies around
the world.
Canon U.S.A. has also announced
that Mr. Kazuto Ogawa, the company's
president and COO, is being promoted to president and CEO and will
succeed Mr. Adachi. Mr. Ogawa, who has almost 40 years of
experience with Canon, joined Canon U.S.A in 2018 after serving as executive vice
president at Canon China.
"I am honored to have the opportunity to succeed a tremendous
leader like Mr. Adachi,'' Mr. Ogawa said. "In many ways, Mr. Adachi
was a visionary. His ability to anticipate and understand the needs
of our customers and business partners as well as the many complex
factors affecting our business was remarkable. He wasn't afraid to
make bold decisions or take risks that helped move Canon
U.S.A. forward.''
Mr. Adachi was named president and CEO of Canon U.S.A. in 2005 and was promoted to chairman
and CEO in 2014. He was responsible for all of Canon's operations
in North, Central and South
America as well as the Caribbean.
Before leading Canon U.S.A.,
Mr. Adachi was president of Canon Canada from 1998-2001 and
president and CEO of Canon's Asian Group companies from
2001-2005.
Under his leadership, Canon U.S.A. ended a long search for a new
headquarters on Long Island. The
company constructed a 700,000-square-foot LEED Gold certified
building on 52 acres in Melville
and moved there from Lake Success
in 2013.
"Our Melville headquarters will be a huge part of Mr. Adachi's
legacy in the United States,''
said Seymour Liebman, executive vice
president, chief administrative officer and general counsel, Canon
U.S.A., and senior managing
executive officer, Canon Inc. "But those of us who have worked
closely with Mr. Adachi will remember him for his sincere concern
and care about our employees and his desire to always do the right
thing.''
Mr. Ogawa began his career with Canon Inc. in 1981. From
1995-2005, he held positions with Canon Singapore, Canon Hong Kong
and Canon China before returning to Canon Singapore as president
and CEO. In 2008, Mr. Ogawa was named president and CEO of Canon
Canada. He became an executive officer of Canon Inc. in 2011 and
was appointed executive vice president of Canon China in 2014. He
was elected as a managing executive officer of Canon Inc. in
2016.
For more information about Canon U.S.A., please visit usa.canon.com
About Canon U.S.A.,
Inc.
Canon U.S.A., Inc., is a leading
provider of consumer, business-to-business, and industrial digital
imaging solutions to the United
States and to Latin America
and the Caribbean markets. With
approximately $33 billion in global
revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third
overall in U.S. patents granted in 2019† and was named one of
Fortune Magazine's World's Most Admired Companies in 2020. Canon
U.S.A. is dedicated to
its Kyosei philosophy of social and environmental
responsibility. To keep apprised of the latest news from Canon
U.S.A., sign up for the Company's
RSS news feed by visiting www.usa.canon.com/rss and
follow us on Twitter @CanonUSA.
†Based on weekly patent counts issued by United
States Patent and Trademark Office.
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SOURCE Canon U.S.A., Inc.