Frthr re Bus. Reorganization

RNS Number:5948F
Mizuho Holdings Inc
27 December 2002

 

                    Announcement of Management Candidates 
         of Mizuho Financial Group. Inc. and Mizuho Holdings. Inc.

On December 4, 2002, Mizuho Holdings, Inc. ("MHHD") announced the implementation 
of a program titled "Business Reorganization" of the Mizuho Financial Group in 
order to reform the group strategy drastically and to enhance our 
competitiveness, secure high-level and stable profitability, and maximize the 
corporate value on a group basis.

Today, as part of the implementation of the "Business Reorganization," we are 
announcing the candidates for director and corporate auditor positions of Mizuho 
Financial Group, Inc., ("MHFG"), which will become a new financial holding 
company of the group, and MHHD, which will become a holding company responsible 
for the business management of the group's banking and securities business 
sector as attached hereafter.

Subject to the approval of relevant government authorities and the resolution to 
be made at the shareholders meeting, MHFG, which is scheduled to be established 
as a wholly owned subsidiary of MHHD on January 8, 2003, will become a financial 
holding company through a stock-for-stock exchange ("kabushiki-kokan") with MHHD 
on March 12, 2003. MHHD will then become an intermediate holding company for the 
group's banking and securities business sector as a wholly owned subsidiary of 
MHFG.


(Mizuho Financial Group, Inc.)

1. Board of Directors and Corporate Auditors
(Newly appointed, effective as of January 8, 2003.)

     Title                  Name

President & CEO       Mr. Terunobu Maeda

Deputy President      Mr. Yuji Watanabe

Deputy President      Mr. Tadao Noda

Deputy President      Mr. Yukio Obara

Director              Mr. Hiroshi Saito

Director              Mr. Tadashi Kudo

Director              Mr. Yoshiharu Fukuhara

Director              Mr. Glen S. Fukushima

Corporate Auditor     Mr. Yoriaki Sakata

Corporate Auditor     Mr. Minoru Nakai

Corporate Auditor     Mr. Setsuo Umezawa

Corporate Auditor     Mr. Yukio Nozaki

Corporate Auditor     Mr. Toshiaki Hasegawa

                      same as the present directors and corporate auditors of 
                      Mizuho Holdings, Inc.


(Mizuho Holdings, Inc.)

1. Board of Directors and Corporate Auditors 
  (Newly appointed, effective as of March 12, 2003.)

      Title               Name                     Current Position

President & CEO     Mr. Terunobu Maeda     Mizuho Holdings, Inc. 
                                           President & CEO

Director            Mr. Hiroshi Saito      Mizuho Corporate Bank, Ltd. 
                                           President & CEO

Director            Mr. Tadashi Kudo       Mizuho Bank, Ltd. 
                                           President & CEO

Director            Mr. Yoshio Osawa       Mizuho Securities Co., Ltd 
                                           President

Director            Mr. Taira Hosaka       Mizuho Investors Securities Co., Ltd. 
                                           President

Director            Mr. Hideshi Iwai       Mizuho Securities Co., Ltd 
                                           Advisor

Director            Mr. Shoichi Nakai      Mizuho Bank, Ltd
                                           Internal Audit Division 
                                           Senior Manager

Corporate Auditor   Mr. Hiroaki Noda       Mizuho Corporate Bank, Ltd. 
                                           Human Resources Division 
                                           General Manager

Corporate Auditor   Mr. Yoriaki Sakata     Mizuho Holdings, Inc. 
                                           Corporate Auditor

Corporate Auditor   Mr. Toshiaki Hasegawa  Mizuho Holdings, Inc. 
                                           Corporate Auditor



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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