RNS Number : 8811G
Mitsubishi Electric Corporation
01 April 2022
 

 

 

 

FOR IMMEDIATE RELEASE

No. 3508

 

 

 

Media Inquiries

 

 

 

Public Relations Division

 

Mitsubishi Electric Corporation

 

 

 

prd.gnews@nk.MitsubishiElectric.co.jp

 

www.MitsubishiElectric.com/news/

 

Mitsubishi Electric Announces Director Candidates

 

TOKYO, March 31, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announces the candidates for Directors elected at the meeting of the Nomination Committee held on March 31, 2022.

 

It should be noted that in conjunction with the discovery of improper quality control practices at Mitsubishi Electric, the company is currently undergoing a company-wide investigation on improper quality control practices by an Investigative Committee of external experts and an assessment of the company's overall internal control and governance systems by the Governance Review Committee. Accordingly, all candidates for Directors who are currently serving as Directors and Executive Officers are tentative candidates. Upon receipt of the report on the results of the investigation and assessment by the Investigative Committee and the Governance Review Committee, the company intends to once again review and determine the 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, Executive Officer (Accounting and Finance, CFO))

Kuniaki Masuda (Director, Executive Officer (General Affairs and Human Resources))

Jun Nagasawa (Representative Executive Officer, Senior Vice President (Auditing, Legal Affairs &

          Compliance and Corporate Communication (Sustainability, Public Relations and Advertising), CCO) [new candidate]

Kunihiko Kaga (Executive Officer (Corporate Strategic Planning and Operations of Associated

                       Companies, CSO)) [new candidate]

Notes:

1) Titles in parentheses are current positions and assignments at Mitsubishi Electric and important concurrent positions at other companies as of March 31, 2022.

2) Current Directors, Messrs. Yabunaka, Obayashi, Watanabe, Oyamada, Uruma, Kawagoishi, and Masuda and Ms. Koide, and current Executive Officers, Messrs. Nagasawa and Kaga are tentative candidates.

3) 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. (current position)

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 (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) (current position)

 

 

###

 

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
 
 
STRUAOURUOUSRRR