Mizuho Financial Group, Inc. (MHFG) hereby announces the following changes (resignations) in Representative Executive Officer as follows:
1. Changes (Resignations) in Representative Executive Officer
2. Reason for Changes (Resignations)
From the viewpoint of clarification of responsibility towards the series of IT system failures and administrative actions by Financial Services Agency and Ministry of Finance of Japan, Tatsufumi Sakai and Satoshi Ishii submitted formal requests to resign from their positions as mentioned above. MHFG's Board of Directors had accepted their resignations to change the executive leadership team.
3. Successor to President & Group CEO (Representative Executive Officer)
MHFG's Board of Directors will accelerate its efforts to select a successor to the President & Group CEO (Representative Executive Officer). MHFG will promptly make an announcement after the decision.