The President and Chief Executive Officer of Japan’s floating solutions provider, MODEC, Yuji Kozai has resigned.
According to MODEC, Yuji Kozai’s reason for his resignation was based on ill-health.
Following the resignation, Yuji Kozai has taken on the role of Executive Advisor to the company.
The company has appointed Takeshi Kanamori as the new Representative Director, President & CEO, effective April 5, 2021.
Kanamori joined MODEC in 2013 as External Director.
Before this appointment, Kanamori was the Executive Vice President.
In a message on MODEC’s website, the company’s new CEO, Kanamori said: “The global energy demand will continue to grow. Oil demand will increase steadily and the use of natural gas, a major clean energy source, will continue to gain strong momentum.
“We will optimise our business portfolio while pioneering new business areas, especially in offshore wind power utilisation and seabed mineral resources harvesting, with the objective of contributing to the creation of a brighter future for our world,” he said.