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Companies

Canon Chairman Mitarai, 84, doubles up as president again

Heavyweight of business world will serve both roles until replacement found

Canon Chairman and CEO Fujio Mitarai will fill in for the president. (Photo by Akira Kodaka)

TOKYO -- Canon Chairman and CEO Fujio Mitarai will take on the roles of president and chief operating officer after the executive who held those positions, Masaya Maeda, retired for health reasons, the company said Friday.

Maeda reportedly requested retirement because treatment of his illness will take some time. The personnel move was decided on at the Japanese company's board meeting on Friday and took effect that day. Maeda, 67, will serve as chief technology adviser starting Saturday.

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