By IT Interactive
Shozo Shimano, Chairman Emeritus of Shimano Inc., died Saturday due to heart failure. He was 74.
Born January 3rd, 1928, Shozo Shimano served as President of Shimano Inc. from 1958 to 1992. During his 34-year tenure, the company grew to be the world’s largest component manufacturer and one of the leading corporations in Japan.
He is survived by his wife Aiko and son Yozo, both of Sakai City, and daughter Setsuko of Tokyo. Yozo Shimano is the current President of Shimano, Inc.
A privately held funeral was held Monday at the Sakai City home of Shozo Shimano. The company expects to hold a memorial ceremony at a date to be determined in July. Details will be announced later.