WAKABAYASHI TO STEP DOWN AS EXECUTIVE VP OF “K” LINE

WAKABAYASHI TO STEP DOWN AS EXECUTIVE VP OF “K” LINE

WAKABAYASHI TO STEP DOWN AS EXECUTIVE VP OF “K” LINE

   Zenzaburo Wakabayashi will step down as executive vice president of the “K” Line group, based in Tokyo, after the group’s general meeting of shareholders in June.
   Wakabayashi has been a senior executive in charge of container shipping at “K” Line.
   Following his resignation from the senior management of the group, Wakabayashi will become president of “K” Line Logistics Holding Inc., and an advisor to “K” Line.
   “K” Line also said it is promoting five executives to directors of the group, effective June. They are: Toshio Shimizu, currently general manager of containerships business group; Shigenori Ishii, general manager of thermal coal group; Yoshiyuki Ohta, general manager of bulk carrier planning and coordination group and bulk carrier group; Hisashi Yasui, general manager of liquefied natural gas group; Toshinori Morita, general manager of car carrier planning and coordination group and car carrier group number 2.