Fujitsu Ltd. has appointed the head of its system products business as its next president, after months of deadlock that halted restructuring. Masami Yamamoto will take the helm of the firm starting in April. Fujitsu needs to cut costs further if it is keep pace with heavyweights IBM, Hewlett-Packard and Dell.
Fujitsu, despite efforts to expand abroad in IT outsourcing services, remains tied to a sluggish market in Japan. Chairman Michiyoshi Mazuka has been running Fujitsu ever since former President Kuniaki Nozoe abruptly stepped down in September, citing illness.
Mazuka’s provisional status weakened his ability to cut money-losing operations or pursue mergers to boost sales in IT services. The delay may be costly in the rapidly transforming IT services sector, where hardware, software, and services firms are coming together to become more competitive.
Source:http://www.japancorp.net/Article.Asp?Art_ID=22456
