Post office network firm to have regional chief operating officers

The private company to be created next summer to manage the nationwide network of post offices will have regional chief operating officers, Yoshifumi Nishikawa, president of Japan Post Corp., said Friday.

The COOs will be responsible for making post offices’ over-the-counter services friendlier to people in their area, according to Nishikawa, who revealed the plan at a meeting of the government’s postal privatization committee.

The new company, which will oversee OTC services at some 24,000 post offices, is one of the four companies to be created in October 2007 when the 10-year process of privatizing Japan’s postal services will get under way.

The three other companies will be in charge of mail delivery, postal savings and “kampo” life insurance. Japan Post will become the holding company of the four privatized units.

The committee discussed Japan Post’s overall plan toward the privatization, with members welcoming a plan to list the postal savings bank and life insurance company in four years after establishment.

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