Management ChangeJun 22, 2026, 06:07 AM
TOYO Co. Announces CFO Raymond Chung to Resign; Yasunari Harada to Succeed
AI Summary
TOYO Co., Ltd announced a proposed change to its Chief Financial Officer position. Mr. Raymond Chung will resign from his role as CFO and director in the third quarter of 2026. The company has identified Mr. Yasunari Harada, an executive with over 30 years of experience in banking and capital markets, as his successor. This planned transition is aligned with TOYO's long-term business plan and strategic priorities, including expansion in the United States and broader capital markets activities, and is not due to any disagreement with Mr. Chung.
Key Highlights
- TOYO Co. CFO Raymond Chung to resign from his position and as director in Q3 2026.
- Mr. Yasunari Harada has been identified as the substitute candidate for CFO.
- Mr. Harada brings over 30 years of experience in banking, capital markets, and investment management.
- The transition is aligned with the company's long-term business plan and strategic priorities.
- Mr. Chung's resignation is not due to any disagreement with the company.
- Mr. Harada's appointment is subject to approval by the board of directors.
Price Impact
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