Message from the CIO

Especially in this time of disruptive change,
innovation is the driver of our business growth and our contribution to society

Larry Meixner

Managing Corporate Executive Officer
Chief Innovation Officer
Chief Technology Officer

Headshot of Chief Innovation Officer

Seizing the opportunities presented by change

We are living in a time of extraordinary change. Even before the emergence of the global pandemic in 2020, powerful trends of innovation in diverse fields, such as data science and biology, were already transforming every aspect of society and business. The Mitsubishi Chemical Holdings (MCHC) Group addresses a broad range of societal needs, and our business is thus deeply connected to these powerful trends. However, seizing the nascent business opportunities of this new era requires creativity, agility, and the courage to profoundly change our own ways of thinking.

To achieve early commercialization of next-generation businesses in our growth markets, the MCHC Group takes a multi-faceted approach to innovation. For example, we have developed BioPBS to overcome the difficult challenge of simultaneously achieving excellent material performance and biodegradability. And we are deploying complementary capabilities across the MCHC Group to secure a uniquely strong position in the strategically important gallium nitride (GaN) market. As these examples illustrate, sustainable development and leverage across MCHC Group companies are recurring themes in our efforts to realize our medium- to long-term basic management strategy KAITEKI Vision 30.

Leveraging platform capabilities across MCHC Group to drive resolution of social issues

My team in the MCHC Emerging Technology and Business Development Office has established platforms that transcend the boundaries of our operating companies in areas including digital transformation, corporate venture partnerships, and strategic market development. Silicon Valley-based Diamond Edge Ventures, Inc. (established in 2018) and our Japan-based venture team work seamlessly with internal business units to build deep partnerships with innovative startup companies worldwide. Meanwhile, our Digital Transformation Group collaborates with the MCHC Group business, production, and R&D teams to realize near-term operational excellence, while creating and implementing next-generation business models. The benefit these platforms provide to the MCHC Group runs far deeper than the immediate contribution to bottom-line profit. By creating a common vision with our startup company partners, and by reexamining our current practices through the lens of digital transformation, we expand our innovation perspective. This perspective amplifies our ability to grow our business and contribute to society.

Innovation also plays a key role in KAITEKI Management and is embodied in the Management of Technology (MOT) Indices. These indices highlight our progress in the journey toward innovation leadership. In this era of disruptive change, there are extraordinary opportunities for growth. To realize our potential, we must think globally, continuously strengthen our innovation, and leverage synergies within the MCHC Group.

Larry Meixner
Managing Corporate Executive Officer
Chief Innovation Officer
Chief Technology Officer

Oct. 2020