Mizuho CEO to step down to take responsibility for system failures – Nikkei

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Mizuho Financial Group's Chief Executive Officer Tatsufumi Sakai attends an interview with Reuters at the company's headquarters in Tokyo

TOKYO (Reuters) – Mizuho Financial Group Chief Executive Officer Tatsufumi Sakai intends to step down to take responsibility for a series of system failures this year, the Nikkei business daily reported on Thursday.

The banking group’s nomination committee will start discussions to select a new management team, the Nikkei said.

When asked for comment, a Mizuho spokesperson said nothing has been decided.

(Reporting by Makiko Yamazaki; Editing by Kirsten Donovan)

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