Picture of Mitsubishi Electric logo

6503 Mitsubishi Electric News Story

0.000.00%
jp flag iconLast trade - 00:00
IndustrialsBalancedLarge CapHigh Flyer

REG - Mitsubishi Elect. - Statement re (New Management Structure)

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220217:nRSQ9844Ba&default-theme=true

RNS Number : 9844B  Mitsubishi Electric Corporation  17 February 2022

 

 

 

 FOR IMMEDIATE RELEASE  No. 3489

                        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 New Management Structure Effective April 1 and

Changes in Representative Executive Officers, Executive Officers and

Executive Officers(Associate)

 

TOKYO, February 17, 2022 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/)  (TOKYO: 6503) announces that a new
management structure will be adopted and the executive officer structure and
division of duties will be changed effective April 1 2022, pursuant to a
resolution passed during a regular meeting of the Board of Directors held on
February 17, 2022. The Company also announces Executive Officers (Associate)
to be newly appointed on the same date.

 

1. Management Structure

In order to accelerate the Company's corporate strategy to provide Integrated
Solutions to address social challenges in the four fields of Life, Industry,
Infrastructure and Mobility, uniting all the capabilities inside and outside
of the Group, as well as to develop and drive business strategies with
company-wide and medium- to long-term perspectives by maintaining a bird's-eye
view on a wide range of business domains, from FY2022, the Company will assign
new Business Area (BA) Owner responsibilities to Executive Officers, who will
oversee multiple interconnected business groups with a social challenge as the
focal point.

BA Owners will, from a company-wide perspective, facilitate the acceleration
of M&As and business restructuring in business groups within their
purview. Moreover, they will drive the creation of new businesses, enhancement
of technological and business fields, and strategic shifting of resources with
a bird's-eye view of their respective BA. Furthermore, the Company will drive
dynamic and speedy management reforms that break free from the conventional
business group structure, such as BA Owners jointly creating synergies across
the boundaries of BAs with a company-wide perspective.

 

In corporate divisions, the Company will expand the chief officer structure to
clarify their roles by primary function. Swiftly grasping various changes in
the environment surrounding the business, such as digital transformation (DX),
carbon neutrality and geopolitical risks, they will seek to develop
company-wide strategies, such as sustainability strategies, to be implemented
across the boundaries of BAs to create both social and economic values, and to
enhance their functions to support each BA.

 

The relationship between business areas and business groups in FY2022 will be
as follows and the attached:

 

[Infrastructure BA]

Infrastructure BA will help building more resilient and safe social
infrastructure systems by proposing a wide range of solutions that leverage
digital engineering technologies the Company has accumulated.

 

[Industry and Mobility BA]

Industry and Mobility BA will help creating a smart industrial society and
mobility society amid a rapidly changing business environment with the advent
of industry 4.0 and CASE, by reciprocally leveraging and developing the
technologies accumulated by the two business groups under its umbrella, such
as drive control technology and sensor technology.

 

[Life BA]

Life BA will help creating an enriched sustainable living by offering
comfortable and convenient spaces for a wide range of communities from
personal to public, unconstrained by individual business domains such as
elevators and HVAC systems.

 

[Business Platform BA]

Business Platform BA will offer highly efficient and reliable semiconductor
devices as well as secure and highly scalable information systems throughout
society to help solve diversifying social challenges while supporting the
development of the three abovementioned BAs.

 

 

 

2. Changes of Executive Officers (effective April 1, 2022)

 Name                Assignments and positions                                                        Assignments and positions

                     (as of April 1, 2022)                                                            (as of February 17, 2022)
 Kei Uruma           Representative Executive Officer,                                                Representative Executive Officer,

                     President & CEO                                                                  President & CEO
 Tadashi Matsumoto   Representative Executive Officer,                                                Representative Executive Officer,

                     Senior Vice President,                                                           Senior Vice President,

                     Life Business Area(*) Owner                                                      Group President, Building Systems,

                     (Group President, Building Systems,                                              In charge of Export Control

                     Representative Director and President, Mitsubishi Electric Building Solutions
                     Corporation),

                     In charge of Export Control
 Yoshihisa Hara      Executive Officer,                                                               Executive Officer,

                     Group President, Electronic Systems                                              Group President, Electronic Systems
 Atsuhiro Yabu       Executive Officer,                                                               Executive Officer,

                     Group President, Automotive Equipment                                            Group President, Automotive Equipment
 Satoshi Kusakabe    Executive Officer,                                                               Executive Officer,

                     CRO (In charge of Legal Affairs & Compliance, Risk Management, Economic          CRO (In charge of Risk Management, Economic Security and Export Control),
                     Security and Export Control)

                                                                                                      In charge of Government & External Relations and Intellectual Property
 Yoji Saito          Executive Officer,                                                               Executive Officer,

                     CMPO (In charge of Purchasing),                                                  Vice President, Corporate Global Strategic Planning & Marketing

                     CCO (Vice President, Corporate Communication,

                     In charge of Government & External Relations)
 Noriyuki Takazawa   Executive Officer,                                                               Executive Officer,

                     Infrastructure Business Area(*) Owner                                            Group President, Energy & Industrial Systems

                     (Group President, Energy & Industrial Systems)
 So Suzuki           Executive Officer,                                                               Executive Officer,

                     Group President, Living Environment & Digital Media Equipment                    Group President, Living Environment & Digital Media Equipment
 Eiichiro Mitani     Executive Officer,                                                               Executive Officer,

                     Business Platform Business Area(*) Owner (Group President, Information Systems   CIO (In charge of IT),
                     & Network Service),

                                                                                Chief Operation DX Officer (Vice President, Corporate Process & Operation
                     CIO (In charge of Information Security and IT,                                   Reengineering)

                     Vice President, Corporate Process & Operation Reengineering)
 Shozui Takeno       Executive Officer,                                                               Executive Officer,

                     Vice President, Corporate Total Productivity Management & Environmental          CISO (In charge of Information Security),
                     Programs

                                                                                                      Vice President, Corporate Total Productivity Management & Environmental
                                                                                                      Programs,

                                                                                                      CQO (Vice President, Corporate Quality Assurance Reengineering)
 Kunihiko Kaga       Executive Officer,                                                               Executive Officer,

                     In charge of Auditing,                                                           CSO (In charge of Corporate Strategic Planning and Operations of Associated

                                                                                Companies)
                     CSO (In charge of Corporate Strategic Planning and Operations of Associated
                     Companies),

                     CTO (In charge of Technology Strategies(*))
 Katsuya Furuta      Executive Officer,                                                               Executive Officer,

                     CMO (In charge of Global Marketing(*),                                           Vice President, Corporate Marketing

                     Vice President, Corporate Marketing)
 Kuniaki Masuda      Executive Officer,                                                               Executive Officer,

                     CFO (In charge of Accounting and Finance),                                       In charge of General Affairs and Human Resources

                     CHRO (In charge of General Affairs and Human Resources)
 Tomonori Sato       Executive Officer,                                                               Executive Officer,

                     In charge of Intellectual Property,                                              CTO (Vice President, Corporate Research and Development)

                     Vice President, Corporate Research and Development
 Yoshikazu Nakai     Executive Officer,                                                               -

                     CPO (In charge of Manufacturing(*)),

                     CQO (Vice President, Corporate Quality Assurance Reengineering)
 Satoshi Takeda      Executive Officer,                                                               Senior General Manager, Planning & Administration Dept. of Factory

                                                                                Automation Systems Group
                     Industry and Mobility Business Area(*) Owner (Group President, Factory
                     Automation Systems)
 Hiroshi Sakakibara  Executive Officer,                                                               -

                     CDO (Vice President, Corporate Business Innovation)

*Details of areas of responsibility

  Technology Strategies:
Intellectual Property, Corporate Research and Development

  Global Marketing:
                   Overseas and Domestic Marketing

  Manufacturing:
                   Corporate Quality Assurance
Reengineering, Total Productivity Management &

Environmental Programs

  Infrastructure Business Area:                 Public
Utility Systems, Energy & Industrial Systems, Electronic Systems

  Industry and Mobility Business Area:    Factory Automation Systems,
Automotive Equipment

  Life Business
Area:                                Building
Systems, Living Environment & Digital Media Equipment

  Business Platform Business Area:          Information Systems
& Network Service, Semiconductor & Device

 

*Details of Chief Officer

  CEO:                 Chief Executive Officer

  CRO:                 Chief Risk Management Officer

  CMPO:             Chief Material Procurement Officer

  CCO:                 Chief Communication Officer

  CIO:                  Chief Information Officer

  CISO:                Chief Information Security Officer

  CQO:                Chief Quality Officer

  CSO:                 Chief Strategy Officer

  CTO:                 Chief Technology Officer

  CMO:                Chief Marketing Officer

  CFO:                 Chief Financial Officer

  CHRO:              Chief Human Resources Officer

  CPO:                 Chief Productivity Officer

  CDO:                Chief Digital Officer

 

3. Retiring Executive Officers (effective March 31, 2022)

 Representative Executive Officer,  Jun Nagasawa

 Senior Vice President
 Senior Vice President              Satoshi Matsushita
 Senior Vice President              Yoshikazu Miyata
 Senior Vice President              Koichi Orito
 Executive Officer                  Tadashi Kawagoishi
 Executive Officer                  Juichi Shikata
 Executive Officer                  Hideki Fukushima
 Executive Officer                  Yuzuru Saito

 

4. Career Summary of Newly Appointed Executive Officers (as of February 17,
2022)

 Yoshikazu Nakai                                   March 1984      Graduated from Dept. of Electronic Engineering, the University of

                                                                 Electro-Communications
 (Date of Birth: September 5, 1961) 60 years old

                                                   April 1984      Joined Nissan Motor Co., Ltd.
                                                   April 2014      Vice President,

                                                                   Total Customer Satisfaction Function,

                                                                   Planning and Administration Department
                                                   April 2016      Corporate Vice President,

                                                                   Total Customer Satisfaction Function,

                                                                   Production/Field Quality, Quality Audit
                                                   December 2018   Executive Vice President, Nori Corporation
                                                   November 2020   General Manager, Global Quality Control Department of Automotive Motor &
                                                                   Electronic Control Business Group, NIDEC CORPORATION

 Satoshi Takeda                                    March 1989      Graduated from Faculty of Economics, Keio University

 (Date of Birth: March 10, 1967) 54 years old
                                                   April 1989      Joined the Company
                                                   January 2018    Deputy Senior General Manager, Nagoya Works
                                                   April 2020      Senior General Manager, Overseas Marketing Div. of Factory Automation Systems
                                                                   Group
                                                   April 2021      Senior General Manager, Planning & Administration Dept. of Factory
                                                                   Automation Systems Group

 Hiroshi Sakakibara                                June 1994       Graduated from Faculty of Law, the University of Tokyo

 (Date of Birth: January 1, 1971) 51 years old
                                                   July 1994       Joined the Boston Consulting Group
                                                   November 1996   Joined Apple Japan, Inc.
                                                   August 2004     Joined Microsoft Corporation (United States)
                                                   September 2012  Transferred to Microsoft Japan Co., Ltd.
                                                   August 2015     Joined Benesse Holdings, Inc.
                                                   January 2018    Chief Digital Officer (CDO)
                                                   December 2018   Managing Officer, Connected Solutions Company, Chief Digital Officer (CDO),
                                                                   Chief Information Officer (CIO), Panasonic Corporation
                                                   February 2022   Joined the Company

5. Executive Officers(Associate) (effective April 1, 2022)

Based on the company-wide management policy, the Company will newly appoint
Executive Officers (Associate) who will make decisions on overall management
and execute business in relation to groups / business groups / corporate
divisions within their purview. The appointments are as follows:

 Name                Assignments and positions                                    Positions

                     (as of April 1, 2022)                                        (as of February 17, 2022)
 Noriyuki Shimizu    Executive Officer,                                           Group Senior Vice President, Factory Automation Systems,

                     Group President, Global Strategic Planning & Marketing       Senior General Manager, Industrial Automation Marketing Div. of Factory
                                                                                  Automation Systems Group
 Yasumichi Tazunoki  Executive Officer,                                           Deputy Senior General Manager, Corporate Strategic Planning Div.

                     Senior General Manager, Corporate Strategic Planning Div.
 Shigeki Kawaji      Executive Officer,                                           Senior General Manager, Overseas Marketing Div. of Public Utility Systems

                                                            Group
                     Senior General Manager, Corporate Purchasing Div.
 Kenichiro Fujimoto  Executive Officer,                                           Senior General Manager, Planning & Administration Dept. of Living

                                                            Environment & Digital Media Equipment Group
                     Overseeing Accounting and Finance,

                     Senior General Manager, Corporate Accounting Div.
 Masayoshi Takemi    Executive Officer,                                           Senior General Manager, High Frequency & Optical Device Works

                     Group President, Semiconductor & Device
 Hideto Negoro       Executive Officer,                                           Senior General Manager, Public-Use Systems Marketing Div. of Public Utility

                                                            Systems Group
                     Group President, Public Utility Systems
 Yasunari Abe        Executive Officer,                                           Senior General Manager, Public Relations Div. of Corporate Communication Group

                     Senior General Manager, Corporate Human Resources Div.

 

6. Career Summary of Executive Officers(Associate) (as of February 17, 2022)

 Noriyuki Shimizu                                   March 1986  Graduated from Faculty of Economics, Seikei University

 (Date of Birth: July 8, 1962)

 59 years old
                                                    April 1986  Joined the Company
                                                    April 2015  Senior General Manager, Overseas Marketing Div. of Factory Automation Systems
                                                                Group
                                                    April 2020  Senior General Manager, Industrial Automation Marketing Div. of Factory
                                                                Automation Systems Group
                                                    April 2021  Group Senior Vice President, Factory Automation Systems,

                                                                Senior General Manager, Industrial Automation Marketing Div. of Factory
                                                                Automation Systems Group

 Yasumichi Tazunoki                                 March 1987  Graduated from Faculty of Letters, the University of Tokyo

 (Date of Birth: September 9, 1963) 58 years old
                                                    April 1987  Joined the Company
                                                    April 2015  Senior General Manager, Planning & Administration Dept. of Living
                                                                Environment & Digital Media Equipment Group
                                                    April 2020  Senior General Manager, Air-Conditioning & Refrigeration Systems Div. of
                                                                Living Environment & Digital Media Equipment Group
                                                    April 2021  Deputy Senior General Manager, Corporate Strategic Planning Div.

 Shigeki Kawaji                                     March 1985  Graduated from School of Education, Waseda University

 (Date of Birth: September 19, 1962) 59 years old
                                                    April 1985  Joined the Company
                                                    April 2019  Senior General Manager, Overseas Marketing Div. of Public Utility Systems
                                                                Group

 Kenichiro Fujimoto                                 March 1988  Graduated from Faculty of Law, Kyoto University

 (Date of Birth: September 4, 1964) 57 years old
                                                    April 1988  Joined the Company
                                                    April 2016  Deputy Senior General Manager, Associated Companies Div.
                                                    April 2018  Senior General Manager, Planning & Administration Div. of Public Utility
                                                                Systems Group
                                                    April 2020  Senior General Manager, Planning & Administration Dept. of Living
                                                                Environment & Digital Media Equipment Group

 Masayoshi Takemi                                   March 1991  Completed Master's course in Electrical Engineering, Graduate School of

                                                              Engineering, Kyoto University
 (Date of Birth: October 4, 1965) 56 years old
                                                    April 1991  Joined the Company
                                                    April 2016  Deputy Senior General Manager, Planning & Administration Div. of
                                                                Semiconductor & Device Group
                                                    April 2018  Deputy Senior General Manager, High Frequency & Optical Device Works
                                                    April 2019  Senior General Manager, High Frequency & Optical Device Works

 Hideto Negoro                                      March 1991  Completed Master's course in Information Engineering, Graduate School of

                                                              Engineering, Shinshu University
 (Date of Birth: September 30, 1966) 55 years old
                                                    April 1991  Joined the Company
                                                    April 2018  Senior General Manager, Itami Works
                                                    April 2021  Senior General Manager, Public-Use Systems Marketing Div. of Public Utility
                                                                Systems Group

 Yasunari Abe                                       March 1989  Graduated from Faculty of Education, Tohoku University

 (Date of Birth: November 12, 1966) 55 years old
                                                    April 1989  Joined the Company
                                                    April 2018  Deputy Senior General Manager, Corporate Human Resources Div.
                                                    April 2020  Senior General Manager, Public Relations Div. of Corporate Communication Group

 

 

###

 

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

 

Click on, or paste the following link into your web browser, to view the
associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/9844B_1-2022-2-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9844B_1-2022-2-17.pdf)

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  STRGRGDDGBBDGDR

Recent news on Mitsubishi Electric

See all news