TOKYO - MOL, Ltd. today announced a reorganization of the company's Finance and Accounting Division, effective December 1.
The goal of the reorganization is to boost efficiency by expanding the current two finance teams to three.
The new Finance Team A is responsible for mid- and long-term financial planning, execution of MOL's interest-bearing debt reduction plan and operate foreign exchange/corporate bonds/capital increase/reduction and measures to comply with new accounting standards. Finance Team A will function as a core of the Finance and Accounting Division to achieve the goals of MOL next, the company's mid-term management strategy.
The new Finance Team B has a good command of financing scheme and will specialize in raising capital for vessel's facilities.
The new Finance Team C will be responsible for raising working capital. It will also have wide-ranging responsibility for group cash management (CMS) as part of MOL's ongoing efforts to make more efficient use of MOL Group funds. This team acts as Cashier in Tokyo.
For more details, please contact: Junichiro Ikeda, Deputy General manager, Corporate Planning Division, MOL Ltd., Tel: 81-3-3587-7192, Fax: 81-3-3587-7702