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AGC: new president, senior VPs at AGC North America; “disappointing” financial performance

Asahi Glass Company Ltd. (AGC) has appointed Marehisa Ishiko as the new president and chief executive officer of AGC Glass Company North America (AGNA), succeeding Brad Kitterman.
Ishiko was previous…

Asahi Glass Company Ltd. (AGC) has appointed Marehisa Ishiko as the new president and chief executive officer of AGC Glass Company North America (AGNA), succeeding Brad Kitterman. Ishiko was previously president of AGC Glass Company for the Japan/Asia Pacific region, and has 28 years of experience with various AGC companies, including diverse experience in all phases of the flat and auto glass businesses. Further appointments include: Kenzo Moriyama as executive vice president of strategic planning; Kazu Sako as senior vice president and chief financial officer, succeeding Ryne Van Gorp; and Mike Vigna, vice president, human resources, who succeeds Lisa Escobar, all at AGNA. Moriyama and Sako are 28-year veterans of AGC. Moriyama was general manager of planning and strategy for AGC Glass Company Japan/Asia Pacific, while Sako had a dual role in AGC“s Finance and Control Office, heading up both the finance area as well as leading the planning and coordination for that office. Ishiko, Moriyama, and Sako have moved to the US to fill their new positions. Vigna has been with AGC for 10 years and was most recently with AGC America (AGNA“s parent company) as North American regional vice president of human resources. In his present role, he will be responsible for all human resources for AGNA and its subsidiaries. “AGNA“s financial performance has been disappointing over an extended period of time – even taking into account the economic downturn,” says Akio Endo, AGC senior executive vice president and president of AGC Glass Company, which oversees all of the AGC“s worldwide glass businesses. “AGC is a world leader in glass production, and we are determined to be a leader in North America. We are fully committed to this end, and will leverage our global resources to achieve the full potential of our businesses here. The assignment of these proven and talented executives is, in itself, a strong statement of our commitment.”

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