25 May 2022 08:34
FOR IMMEDIATE RELEASE | No. 3520 |
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| Media Inquiries |
| Takeyoshi Komatsu |
Public Relations Division | |
Mitsubishi Electric Corporation | |
Tel: +81-3-3218-2346 | |
prd.gnews@nk.MitsubishiElectric.co.jp | |
www.MitsubishiElectric.com/news/ |
Mitsubishi Electric Announces Director Candidates
TOKYO, May 25, 2022 - Mitsubishi Electric Corporation (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 andHuman Resources)]
Jun Nagasawa [Senior Advisor] -new candidate-
Kunihiko Kaga [Executive Officer (Auditing), CSO (Corporate Strategic Planning and Operations ofAssociated 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 (Date of Birth: January 18, 1953) 69 years old | March 1976 | Graduated from Department of Agricultural Chemistry, School of Agriculture, Hokkaido University |
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 (Date of Birth: November 20, 1954) 67 years old | March 1978 | Graduated from Faculty of Engineering, The University of Tokyo |
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 (Date of Birth: March 16, 1960) 62 years old | March 1983 | Graduated from Faculty of Law, Keio University |
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 (Date of Birth: September 22, 1964) 57 years old | March 1990 | Completed Master's course in Physical Engineering, Graduate School of Engineering, Kyoto University |
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) | |
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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