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Nippon Sheet Glass CEO Quits in Board Dispute
Nippon Sheet Glass Co. says CEO Craig Naylor resigned after less than two years in the job because of "fundamental disagreements" about the pace and scope of the restructuring announced by the company two months ago.
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Nippon Sheet Glass Co. says CEO Craig Naylor resigned after less than two years in the job because of "fundamental disagreements" about the pace and scope of the restructuring announced by the company two months ago.
Kieiji Yoshikawa, a 39-year NSG veteran, has replaced Naylor as head of the maker of automotive and building glass.
Analysts say Naylor, a 36-year veteran of DuPont Co., was slow to react to NSG's slump last year when the yen strengthened and Europe's auto and construction markets slowed sharply. The company expects to post its third loss in four years for the fiscal year ended March 31.