Fujio Mitarai

DEFINITION of 'Fujio Mitarai'

Chairman of the Board and CEO of Japanese consumer-electronics company Canon. Born in 1935 in Japan, Mitarai joined Canon in 1961 as an accountant, became president and CEO of Canon U.S.A. in 1979, and returned to Canon in Japan in 1989 to serve as senior managing director and later become president and CEO in the mid-1990s. Business Week (2001) named him one of the world's top managers.

BREAKING DOWN 'Fujio Mitarai'

In America, Mitarai helped the company launch several successful camera products and expanded the company's printer and copier business. When he returned to Japan, many of the company's Japanese divisions were operating at a loss. He streamlined the company by eliminating unsuccessful divisions and returned it to profitability.



RELATED TERMS
  1. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  2. William E. Mitchell

    A chairman and CEO of Arrow Electronics. William E. Mitchell ...
  3. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  4. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  5. Interim CEO

    A person appointed by a company's board of directors to assume ...
  6. Roger Enrico

    A former CEO of PepsiCo from 1996 to 2001, chairman from 2001 ...
Related Articles
  1. Investing

    What CEOs Actually Do

    CEOs are responsible for the overall operation of a business, and are usually elected by shareholders and the board of directors.
  2. Personal Finance

    Justifications For High CEO Pay (AAPL, GE)

    CEOs tend to command sky-high salaries in America. Companies cite a number of reasons for this, but they don't always ring true.
  3. Professionals

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
  4. Active Trading

    The Best CEOs Listen To The Street

    Studies show that transparency and listening to the market are a winning combination for CEOs and the companies they run.
  5. Professionals

    8 Justifications For Sky-high CEO Salaries (AAPL, GE)

    Why are CEO salaries so astronomically high? There may be more to the story than you think.
  6. Investing News

    The 5 Highest Paid Executives in The Financial Sector (JPM, C)

    Learn who the highest paid executives in the financials sector are and how they became some of the most influential and powerful people in the world.
  7. Executive Compensation

    The 5 Highest Paid Executives in the Consumers Sectors (LBTYA, CBS)

    Discover who the highest-paid executives in the consumer sectors are and how they reached their positions of power and influence.
  8. Investing News

    The 5 Highest Paid Executives in the Healthcare Sector (AGN, PFE)

    Discover who the highest paid executives in the health care sector are and how much they make, while the cost of health care continues to skyrocket.
  9. Investing

    Fat Cat CEOs

    A CEO can have a huge impact on a company's bottom line. Good CEOs can lift up a company through their leadership and management, while some CEOs do just the opposite. Learn about the fat cats, ...
  10. Mutual Funds & ETFs

    The Top 5 ETFs For Investing in Japan (HEWJ, EWJ)

    Look at a list of some of the best Japan ETFs in today's market, and how investors can use hedged or leveraged ETFs to mitigate risks or exaggerate returns.
RELATED FAQS
  1. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  2. How does a change in CEO impact stock price?

    Learn what effect hiring a new CEO has on the value of a company's stock. Explore which factors are most likely to influence ... Read Answer >>
  3. What stock factors should you consider when a company makes a CEO change?

    Learn about factors affecting the price of stock following a change in CEO. Explore why a change in CEO may be positive or ... Read Answer >>
  4. Why is it less than ideal for a CEO of a company to also hold the position of COO?

    Learn the difference between a company's CEO and COO, and understand the division of labor that should be present between ... Read Answer >>
  5. What are the different ways a CEO could influence stock prices?

    A CEO's influence on a stock price reflects the company's growth strategy and outlook, its financing needs and decisions ... Read Answer >>
  6. What are the main communication points between a CFO and a CEO?

    Explore key communication points between CEOs and CFOs. Learn how each of these officers has a fiduciary duty to stockholders, ... Read Answer >>
Hot Definitions
  1. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  2. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  3. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  4. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  5. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  6. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
Trading Center