The company has announced the following changes in its management team, to take effect on April 1, 2009. The new appointments are subject to approval of the general shareholders’ meeting to be held before the end of March, 2009.
Until now, the copmany has operated under a management team headed by a chairman and CEO, a president and COO. For clarity, the titles of these posts will be changed to chairman and president, respectively. The president will have responsibility for decision-making and business operations, while the chairman will participate in decision-making from a broader perspective, as well as assisting the president in the implementation of business operations.
Directors to resign on March 31, 2009:
Shigeo Uoya, executive vice president and board director, is scheduled to be appointed as corporate advisor on April 1, 2009;
Shiro Baba, senior vice president and board director, is scheduled to move to Hitachi, Ltd. on April 1, 2009;
Atsushi Asari, board director.
New candidates for director as of April 1, 2009:
Kunio Kobayashi, senior vice president and board director, currently president of Renesas Eastern Japan Semiconductor, Inc.;
Toshikazu Nishino, board director, currently assistant to the vice president of Hitachi, Ltd.;
Shunsuke Hosomi, board director, currently managing officer;
Shigeo Mizugaki, board director, currently managing officer;
Shozo Iwakuma, board director, currently managing officer.
