Nomura CEO reappointed despite loss of support


Narrowest margin: Nagai, Nomura’s longest-serving CEO in more than three decades, having begun his stint in August 2012. — Bloomberg

Tokyo: Nomura Holdings Inc’s top executive was reappointed to the board with the narrowest margin of his reign, raising the stakes for him to succeed with his plan to turn around Japan’s biggest brokerage.

CEO Koji Nagai won the support of 61.7% of shareholders at Monday’s AGM, down from more than 90% in each of the previous six years, a company filing showed yesterday. Chairman Nobuyuki Koga got 62.3%, also the lowest of his tenure.

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