The Central Japan Commodity Exchange (C-COM) elected Mr. Susumu Kuroiwa as the Chairman and CEO effective from August 1, 2009 at the Extraordinary General Meeting held on July 27, 2009.
Mr. Fumihiko Kimura, the former Chairman and CEO, resigned after serving six years and two months.
Mr. Kuroiwa has experienced various important positions at METI since joining the Ministry of International Trade and Industry (presently METI) in 1981, upon the graduation from Tokyo University.
Mr. Kuroiwa mentioned at his appointment, "The commodity futures industry in Japan is now in the middle of unprecedented adverse conditions, and my mission is to lead C-COM to go through this challenging period to find the way to further enhance its function of providing fair, transparent and user-friendly marketplace as "market infrastructure for industries". My immediate agenda is to achieve a successful launch of a precious metal market (Gold futures) for which the Exchange has been making tremendous efforts. I firmly believe that the introduction of this product will bring the liquidities back to C-COM, and it will strengthen the competitiveness of our Exchange, thus making contributions to the recovery of the entire Japanese commodity futures industry. I greatly appreciate your continued support and cooperation."