Cosmo Energy : Announcement of Changes in Group Structure (Effective from April 1, 2020)
February 13, 2020 at 09:57 am EST
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Cosmo Energy Holdings Co., Ltd. announces the partial change in its group structure and affiliate company to be in effective from April 1, 2020.
Changes to departments
(1)IT Strategy Department
In order to conduct high level implementation of the IT strategy, IT governance, cutting edge Information technology utilization, and the reconfiguration of the core system within the Cosmo Energy Group, the current IT System Department will be constructively re-grouped to form the IT Strategy Department.
(2)Sustainability Initiative Department
In order to achieve sustainable growth for the company and to implement further sustainability in corporate management accordingly from the perception of ESG, the current CSR Management Department will be constructively re-grouped to form the Sustainability Initiative Department
Reorganization of affiliate company
In order to build a corporate structure to execute further enhanced initiatives in the field of IT, Cosmo Energy Systems Co., Ltd. will be merged to Cosmo Energy Holdings Co., Ltd. on April 1, 2020.
(The official language for Cosmo Energy Group's filings with the Tokyo Stock Exchange and Japanese authorities, and for communications with our shareholders, is Japanese. We have posted English versions of some of this information on this website. While these English versions have been prepared in good faith, Cosmo Energy Group does not accept responsibility for the accuracy of the translations, and reference should be made to the original Japanese language materials.)
(Contact details for inquiries)
Public Relations & Corporate Branding Group, Corporate Communication Dept., Cosmo Energy Holdings Co., Ltd.
Mr.Tamura / Ms.Masuda TEL +81-3-3798-3101 FAX +81-3-3798-3841
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Cosmo Energy Holdings Co. Ltd. published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 14:56:04 UTC
Cosmo Energy Holdings Co Ltd is a Japan-based company mainly engaged in the development, import, refining, storage and sale of crude oil. The Company operates in three business segments. The Petroleum segment is engaged in the production and sale of volatile oil, naphtha, kerosene, light oil, heavy oil, crude oil, lubricating oil and liquefied petroleum gas. The Petrochemical segment is engaged in the production and sale of petrochemical products such as ethylene, mixed xylene, paraxylene, benzene, toluene, and petrochemical solvents. The Oil Development segment is engaged in the development, production and sale of crude oil. The other business includes construction business, insurance agency business, leasing business, travel business, wind power generation business, real estate sales business, accounting, finance, purchasing, general affairs and human resources-related business.