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


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 (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 Security, Export Control, Intellectual Property, and CRO

Executive Officer

In charge of Government & External Relations, Economic Security, Export Control and Intellectual Property

Satoshi Kusakabe

 

(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

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 or visit 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.
 
END
 
 
STREXLBLFLLEFBZ