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Robot maker Fanuc's CEO steps back after 16 years at controls

Son of founder presided over doubling of market capitalization

Fanuc CEO Yoshiharu Inaba speaks at the Nikkei Global Management Forum in November 2018. (Photo by Yuki Nakao)

TOKYO -- Japanese robot maker Fanuc's CEO, Yoshiharu Inaba, will leave his post Monday as head of the world's biggest supplier of factory automation equipment, replaced by President Kenji Yamaguchi.

The 70-year-old Inaba passes the baton to Yamaguchi, who is 20 years younger and also serves as chief operating officer and representative director, under plans announced Friday.

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