Abstract
Can a major Japanese company remain focused on the domestic market and operate as an old boys’ club? For Jean-Marc Gilson, the Belgian who took the helm at Mitsubishi Chemical Holdings in April, the answer is a resolute no. He’s making clear that it’s time to change how the company looks and operates and where it does so. “The share of women managers will rise to 30% during my term as CEO,” Gilson told reporters at a press conference last month, where he laid out his vision for Mitsubishi. Today, fewer than 7% of its managers are women. He also said the company needed to reduce the number of subsidiaries, adopt a more international outlook, and shed its system of seniority-based promotion. As Japan’s largest chemical company, Mitsubishi Chemical Holdings has 54,000 employees and recorded nearly $30 billion in sales in its latest fiscal year. Structured as a conglomerate, it
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