OSAKA — Daikin Industries is set to promote Naofumi Takenaka, senior managing executive officer, to president and chief operating officer (COO) as the company’s long-time leader Noriyuki Inoue is stepping down as chairman, Nikkei has learned.

Inoue, 89, is also stepping down from the board. Current president and chief executive officer Masanori Togawa, 75, will replace Inoue as chairman and remain as CEO.

The reshuffle will take place after the general shareholders meeting to be held in late June.

In charge of globalization efforts for three decades now, Inoue has made the Osaka-based company a leader in the global air conditioner market. Inoue will continue as Daikin’s chief global group officer.

Takenaka, the 60-year-old incoming president and COO, is currently in charge of human resources and general affairs. He has long been in charge of the mainstay air conditioner business.

Naofumi Takenaka, senior managing executive officer, is set to become president of Daikin Industries. (Photo by Hisashi Iwato).