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

Mitsubishi ElectricAnnouncement

25/05/2022 08:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220525:nRSY7425Ma&default-theme=true

RNS Number : 7425M  Mitsubishi Electric Corporation  25 May 2022

 

 

 

 FOR IMMEDIATE RELEASE  No. 3520

                        Media Inquiries
                        Takeyoshi Komatsu
                        Public Relations Division
                        Mitsubishi Electric Corporation
                        Tel: +81-3-3218-2346
                        prd.gnews@nk.MitsubishiElectric.co.jp
                        (mailto:prd.gnews@nk.MitsubishiElectric.co.jp)
                        www.MitsubishiElectric.com/news/

 

Mitsubishi Electric Announces Director Candidates

 

TOKYO, May 25, 2022 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/) (TOKYO Prime Market: 6503) announces that
it has received the interim report on the results of the company-wide
investigation and assessment on improper quality control practices by an
Investigative Committee of external experts, and that in response, a meeting
of the Nomination Committee was held on May 25, 2022 and the candidates for
Directors were determined as listed below to be proposed at the Ordinary
General Meeting of Shareholders to be held on June 29, 2022.

 

At the meeting of the Nomination Committee held on March 31, 2022, candidates
for Directors who are Directors and Executive Officers of the Company
(including those who retired on March 31, 2022) were determined as tentative
candidates. Based on the report by the Investigative Committee received today,
the Company has once again confirmed these 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 

Kuniaki Masuda [Director, Executive Officer CFO (Accounting and Finance), CHRO
(General Affairs and

Human Resources)]

Jun Nagasawa [Senior Advisor] -new candidate-

Kunihiko Kaga [Executive Officer (Auditing), CSO (Corporate Strategic Planning
and Operations of

Associated Companies), CTO (Technology Strategies)] -new candidate-

Notes:

1) Titles in [ ] are current positions and assignments at Mitsubishi Electric
and important concurrent positions at other companies as of May 25, 2022.

2) 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.
                                                   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
                                                   April 2022    Senior Advisor (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
                                                    April 2022  Executive Officer (Auditing), CSO (Corporate Strategic Planning and Operations
                                                                of Associated Companies), CTO (Technology Strategies) (current position)

 

###

 

About Mitsubishi Electric Corporation

With more than 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 4,476.7 billion yen (U.S.$ 36.7 billion*) in the
fiscal year ended March 31, 2022. For more information, please visit
www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of \122=U.S.$1, the
approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRUVOBRUOUVURR