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Hostile takeover leads to new chief at Japan road builder

Maeda Road names parent company veteran Imaizumi as president

The incoming president of Maeda Road hails from Maeda Corp., which became its parent following a hostile takeover drama.   © Reuters

TOKYO -- Construction company Maeda Corp. will install one of its own as the head of new subsidiary Maeda Road Construction, the target of a rare Japanese hostile bid in March.

Yasuhiko Imaizumi, now an advisor, will become president, replacing Ryozo Imaeda, Maeda Road said Thursday. 

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