UPDATE 2-Shin-Etsu chief Kanagawa to step aside after 20 yrs

Newswire

* Kanagawa to become chairman in June after 20 yr run as CEO * EVP Mori to succeed Kanagawa, take lead in decision-making * Kanagawa showed strength of one-man management -investor * Profits surged under Kanagawa, market value up four-fold * Shares close down 2.2 pct after news of reshuffle By Sachi Izumi and Nobuhiro Kubo TOKYO, May 20 (Reuters) - Chihiro Kanagawa, the 84-year old chief executive of Shin-Etsu Chemical and one of Japan's most respected managers, will step aside ...

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