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Mizuho CEO to step down to take responsibility for system failures – Nikkei – Metro US

Mizuho CEO to step down to take responsibility for system failures – Nikkei

Mizuho Financial Group’s Chief Executive Officer Tatsufumi Sakai attends an
Mizuho Financial Group’s Chief Executive Officer Tatsufumi Sakai attends an interview with Reuters at the company’s headquarters in Tokyo

TOKYO (Reuters) – Mizuho Financial Group Chief Executive Officer Tatsufumi Sakai intends to step down to take responsibility for a series of system failures this year, the Nikkei business daily reported on Thursday.

The banking group’s nomination committee will start discussions to select a new management team, the Nikkei said.

When asked for comment, a Mizuho spokesperson said nothing has been decided.

(Reporting by Makiko Yamazaki; Editing by Kirsten Donovan)