REG - Mitsubishi Elect. - Statement re (Executive Officer’s Duties Change)

Mitsubishi ElectricAnnouncement

23/12/2021 07:00

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RNS Number : 6065W  Mitsubishi Electric Corporation  23 December 2021

 

 

 

 FOR IMMEDIATE RELEASE  No. 3475

                        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 Changes in Executive Officer's

Division of Duties and Organizational Reform

 

TOKYO, December 23, 2021 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/)  (TOKYO: 6503) announces that an
individual Executive Officer's division of duties will be changed effective
January 1, 2022, pursuant to a resolution passed during a regular meeting of
the Board of Directors held on December 23, 2021. The Company also announces
that an organizational reform will take place on the same date.

 

1. Purpose

The Company will review the division of duties of officers and establish the
position of Chief Risk Officer (CRO) as well as establish a division dedicated
to risk management. The objective of this move is to enhance the risk
management of the Group as well as strengthen its cross-departmental responses
in times of crises and to the various risks that could impact the business
execution of the Group.

 

2. Details

(1) Review of Executive Officer's Division of Duties (effective January 1,
2022)

(*Shows changes only)

 New                                                                                             Current                                                                                         Name
 Title              Executive Officer's division of duties                                       Title              Executive Officer's division of duties
 Executive Officer  In charge of Government & External Relations, Risk Management, Economic      Executive Officer  In charge of Government & External Relations, Economic Security, Export      Satoshi Kusakabe
                    Security, Export Control, Intellectual Property, and CRO                                        Control and Intellectual Property

 

(2) Organizational Reform (effective January 1, 2022)

The Corporate Risk Management Division will be established under the direct
control of the CEO.

 

###

 

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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