MOL Announces Massive Restructuring As Of April 1

MOL

Mitsui OSK Lines (MOL) announced a major restructuring and senior management changes, including the creation of a technology innovation unit and role of chief technical officer. The changes are due to go into effect on April 1.

MOL will appoint a chief financial officer who will supervise planning of strategies and measures to promote optimal group-wide funding and financial strategies.

The company’s Head Office organization, which is made up of divisions and offices, will be unified into divisions, to restructure and organize the organizational system and allow divisions to more effectively allocate their resources.

MOL’s tanker division will be split in two, one for crude tankers and one for product and methanol carriers.

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