REG - Mitsubishi Elect. - Statement re (Director Candidates)

Mitsubishi ElectricAnnouncement

01/04/2022 07:00

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RNS Number : 8811G  Mitsubishi Electric Corporation  01 April 2022

 

 

 

 FOR IMMEDIATE RELEASE  No. 3508

                        Media Inquiries

                        Public Relations Division
                        Mitsubishi Electric Corporation

                        prd.gnews@nk.MitsubishiElectric.co.jp
                        (mailto:prd.gnews@nk.MitsubishiElectric.co.jp)
                        www.MitsubishiElectric.com/news/

 

Mitsubishi Electric Announces Director Candidates

 

TOKYO, March 31, 2022 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/) (TOKYO: 6503) announces the candidates
for Directors elected at the meeting of the Nomination Committee held on March
31, 2022.

 

It should be noted that in conjunction with the discovery of improper quality
control practices at Mitsubishi Electric, the company is currently undergoing
a company-wide investigation on improper quality control practices by an
Investigative Committee of external experts and an assessment of the company's
overall internal control and governance systems by the Governance Review
Committee. Accordingly, all candidates for Directors who are currently serving
as Directors and Executive Officers are tentative candidates. Upon receipt of
the report on the results of the investigation and assessment by the
Investigative Committee and the Governance Review Committee, the company
intends to once again review and determine the candidates for Directors.

 

1. Director Candidates (current positions)

Mitoji Yabunaka (Director)

Hiroshi Obayashi (Director (Attorney-at-law, Obayashi Law Office))

Kazunori Watanabe (Director (Certified Public Account, Tax Accountant,
Kazunori Watanabe Certified     Public Accountant & Tax Accountant
Office))

Hiroko Koide (Director)

Takashi Oyamada (Director (Senior Advisor, MUFG Bank, Ltd.))

Tatsuro Kosaka (Senior Advisor, Chugai Pharmaceutical Co., Ltd.) [new
candidate]

Hiroyuki Yanagi (Adviser, Yamaha Motor Co., Ltd.) [new candidate]

Kei Uruma (Director, Representative Executive Officer, President & CEO)

Tadashi Kawagoishi (Director, Executive Officer (Accounting and Finance, CFO))

Kuniaki Masuda (Director, Executive Officer (General Affairs and Human
Resources))

Jun Nagasawa (Representative Executive Officer, Senior Vice President
(Auditing, Legal Affairs &

          Compliance and Corporate Communication (Sustainability,
Public Relations and Advertising), CCO) [new candidate]

Kunihiko Kaga (Executive Officer (Corporate Strategic Planning and Operations
of Associated

                       Companies, CSO)) [new candidate]

Notes:

1) Titles in parentheses are current positions and assignments at Mitsubishi
Electric and important concurrent positions at other companies as of March 31,
2022.

2) Current Directors, Messrs. Yabunaka, Obayashi, Watanabe, Oyamada, Uruma,
Kawagoishi, and Masuda and Ms. Koide, and current Executive Officers, Messrs.
Nagasawa and Kaga are tentative candidates.

3) Messrs. Yabunaka, Obayashi, Watanabe, Oyamada, Kosaka and Yanagi and Ms.
Koide are Outside Director candidates.

 

2. Retiring Directors

Masahiko Sagawa (Director)

Takashi Sakamoto (Director)

 

3. New Candidates

 Tatsuro Kosaka                                    March 1976    Graduated from Department of Agricultural Chemistry, School of Agriculture,

                                                               Hokkaido University
 (Date of Birth: January 18, 1953) 69 years old
                                                   April 1976    Joined Chugai Pharmaceutical Co., Ltd.
                                                   March 2012    Representative Director, President & COO of Chugai Pharmaceutical Co.,
                                                                 Ltd.
                                                   March 2018    Representative Director, President & CEO of Chugai Pharmaceutical Co.,
                                                                 Ltd.
                                                   March 2020    Representative Director, Chairman & CEO of Chugai Pharmaceutical Co., Ltd.
                                                   March 2021    Representative Director, Chairman of Chugai Pharmaceutical Co., Ltd. (current
                                                                 position)
                                                   March 2022    Senior Advisor of Chugai Pharmaceutical Co., Ltd. (current position)

 Hiroyuki Yanagi                                   March 1978    Graduated from Faculty of Engineering, The University of Tokyo

 (Date of Birth: November 20, 1954) 67 years old
                                                   April 1978    Joined Yamaha Motor Co., Ltd.
                                                   March 2010    President, Chief Executive Officer and Representative Director of Yamaha Motor
                                                                 Co., Ltd.
                                                   January 2012  President, Chief Executive Officer, Representative Director, and Chief General
                                                                 Manager of Motorcycle Business Operations of Yamaha Motor Co., Ltd.
                                                   January 2018  Chairman and Representative Director of Yamaha Motor Co., Ltd.
                                                   March 2021    Chairman and Director of Yamaha Motor Co., Ltd.
                                                   January 2022  Director of Yamaha Motor Co., Ltd.
                                                   March 2022    Adviser of Yamaha Motor Co., Ltd. (current position)

 Jun Nagasawa                                      March 1983    Graduated from Faculty of Law, Keio University

 (Date of Birth: March 16, 1960) 62 years old
                                                   April 1983    Joined the Company
                                                   April 2016    Senior General Manager, Kansai Branch Office
                                                   April 2018    Executive Officer (Advertising, Domestic Marketing)
                                                   April 2021    Senior Vice President (Auditing, Legal Affairs & Compliance and Corporate
                                                                 Communication (Sustainability, Public Relations and Advertising)), CCO
                                                   July 2021     Representative Executive Officer, Senior Vice President (Auditing, Legal
                                                                 Affairs & Compliance and Corporate Communication (Sustainability, Public
                                                                 Relations and Advertising)), CCO (current position)

 

 

 Kunihiko Kaga                                      March 1990  Completed Master's course in Physical Engineering, Graduate School of

                                                              Engineering, Kyoto University
 (Date of Birth: September 22, 1964) 57 years old
                                                    April 1990  Joined the Company
                                                    April 2017  Deputy Senior General Manager, Air-Conditioning & Refrigeration Systems
                                                                Works
                                                    April 2018  Senior General Manager, Air-Conditioning & Refrigeration Systems Works
                                                    April 2020  Deputy Senior General Manager, Corporate Research and Development Group
                                                    April 2021  Executive Officer (Research and Development), CTO
                                                    July 2021   Executive Officer (Corporate Strategic Planning and Operations of Associated
                                                                Companies, CSO) (current position)

 

###

 

About Mitsubishi Electric Corporation

With 100 years of experience in providing reliable, high-quality products,
Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in
the manufacture, marketing and sales of electrical and electronic equipment
used in information processing and communications, space development and
satellite communications, consumer electronics, industrial technology, energy,
transportation and building equipment. Mitsubishi Electric enriches society
with technology in the spirit of its "Changes for the Better." The company
recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal
year ended March 31, 2021. For more information, please visit
www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the
approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021

 

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