OREANDA-NEWS. Cosmo Oil Co., Ltd. announces execution of organization restructuring as at June 25, 2013. The details of it are as follows:

Cosmo Oil Group will execute organization restructuring which ensures safe and stable operation of its refineries, enhancement of risk management system, and improvement of profitability at each business unit to increase the extent of performance of the 5th Consolidated Medium-term Management Plan.

It will introduce "Unit system" and reorganize total 23 departments including Purchasing Center, offices including branches, refineries etc., and affiliate companies on a business and function basis. Also, it will newly establish 8 units which enable it to clarify the responsibility for a role of planning and execution of strategies and profit on each business unit. Moreover, the coverage of executive officers in charge of business will be assigned on a unit basis.

The business units through the restructuring consists of "Risk Management Unit" aimed at whole company’s risk management including safety management of refineries, "Supply Business Unit " aimed at improvement of profitability, "Sales Business Unit", "Resources E&P Unit", "Project Development Business Unit", "Corporate Planning Unit" aimed at whole group’s optimization, "Corporate Management Unit", and "Technology & Research Unit."