Sangetsu Promotes Yasuda and Kondo

NAGOYA, JAPAN—Sangetsu Corporation, the Japanese powerhouse fabric wholesaler with over $1 billion in sales, will have a changing of the guard come April 1. Shosuke Yasuda, who has been President and CEO for 10 years, will become a director of Sangetsu. Yasuma Kondo, currently managing director, will become the new President. Both men were previously with Mitsubishi Corporation. Sangetsu is...