News Release
February 24, 2022
Fuji Electric Co., Ltd.
Notice Concerning the Appointment of Officers on April 1, 2022 and at the Company’s
Ordinary General Meeting of Shareholders
1. Change of Representative Director as of April 1
At today’s meeting of the Board of Directors, in response to a proposal from the Nomination and Remuneration Committee, changes to the position of the Representative Director of Fuji Electric Co., Ltd. were resolved as follows.
1）Details of Change
| New title | Name | Current title |
|---|---|---|
| Representative Director Chairman of the Board Chief Executive Officer |
Michihiro Kitazawa | Representative Director Director and President President Executive Officer |
| Representative Director Director and President Chief Operating Officer President Executive Officer |
Shiro Kondo | Director Managing Executive Officer |
| Director | Kenzo Sugai | Representative Director Executive Vice President |
2) Reasons for Change
To appoint both a Chairman (Chief Executive Officer) and a President (Chief Operating Officer) in order to continuously strengthen the management foundation as a sustainably growing corporation.
2. Changes to Officers Company’s at the Ordinary General Meeting of Shareholders
At today’s meeting of the Board of Directors, in response to a proposal from the Nomination and Remuneration Committee, it was resolved to appoint the following candidates for Directors and Audit & Supervisory Board Members of Fuji Electric Co., Ltd.
The appointment of candidate Directors and Audit & Supervisory Board Members is subject to approval by the Board of Directors at a meeting to be held following the Company’s Ordinary General Meeting of Shareholders scheduled for June 2022.
1）Directors
<Reappointments / New appointments>
* Square brackets [ ] indicate current positions.
| New title | Name | |
|---|---|---|
| Representative Director Chairman of the Board |
Michihiro Kitazawa | (Reappointed) |
| Representative Director Director and President |
Shiro Kondo | (Reappointed) |
| Director (Outside Director {Part Time}) |
Toshihito Tamba | (Reappointed) |
| Director (Outside Director {Part Time}) |
Naoomi Tachikawa | (Reappointed) |
| Director (Outside Director {Part Time}) |
Yoshitsugu Hayashi | (Reappointed) |
| Director (Outside Director {Part Time}) |
Yukari Tominaga | (Newly appointed) [Outside Director, Morinaga Milk Industry Co., Ltd.; Outside Director, Yashima & Co., Ltd.; Adviser, SB Technology Corp.] |
| Director | Michio Abe | (Reappointed) |
| Director | Junichi Arai | (Reappointed) |
| Director | Toru Housen | (Newly appointed) [Managing Executive Officer & Corporate General Manager, Semiconductor Business Group] |
| Director | Hiroshi Tetsutani | (Newly appointed) [Managing Executive Officer & Corporate General Manager, Power Electronics Industry Business Group] |
<Resignations>
| Director | Kenzo Sugai | |
|---|---|---|
| Director | Masatsugu Tomotaka |
Director Kenzo Sugai is scheduled to assume the position of Special Adviser after resigning his Director position.
2) Audit & Supervisory Board Members
| Standing Auditor | Yoshio Okuno | (Reappointed) |
|---|---|---|
| Standing Auditor | Junichi Matsumoto | (Not re-elected) |
| Audit & Supervisory Board Members (Outside Auditor {Part Time}) |
Tetsuo Hiramatsu | (Not re-elected) |
| Audit & Supervisory Board Members (Outside Auditor {Part Time}) | Hirohiko Takaoka | (Not re-elected) |
| Audit & Supervisory Board Members (Outside Auditor {Part Time}) | Yuko Katsuta | (Not re-elected) |
3) Duties of Executive Officers as of April 1
At today’s meeting of the Board of Directors, Fuji Electric Co., Ltd.'s executive officers and their duties as of April 1 were resolved as follows.
Square brackets [ ] indicate current positions and underline indicates changes.
| New title | Name | Duties |
|---|---|---|
| President Executive Officer [Managing Executive Officer] |
Shiro Kondo (Promoted) |
Chief Operating Officer, In charge of Technology Development [Corporate General Manager, Corporate R&D Headquarters] |
| Senior Managing Executive Officer | Michio Abe (Reappointed) |
In charge of Production & Procurement , and Power Generation Business [Corporate General Manager, Production & Procurement Group; In charge of Power Generation Business] |
| Senior Managing Executive Officer | Masatsugu Tomotaka (Reappointed) |
In charge of Power Electronics Sales, Power Electronics Energy Business, Power Electronics Industry Business and Fuji Electric FA Components & Systems Co., Ltd. [In charge of Power Electronics Sales, Power Electronics Energy Business and Power Electronics Industry Business] |
| Senior Managing Executive Officer | Junichi Arai (Reappointed) |
Corporate General Manager, Corporate Management Planning Headquarters; General Manager, Export Administration Office, In charge of Compliance Management [Corporate General Manager, Corporate Management Planning Headquarters; General Manager, Export Administration Office, In charge of Compliance Management and Crisis Management] |
| Senior Managing Executive Officer [Managing Executive Officer] |
Toru Hosen (Promoted) |
Corporate General Manager, Semiconductors Business Group |
| Managing Executive Officer | Takeshi Kadoshima (Reappointed) |
General Manager, Human Resources and General Affairs Office, In charge of Crisis Management [General Manager, Human Resources and General Affairs Office] |
| Managing Executive Officer | Masashi Kawano (Reappointed) |
Corporate General Manager, Power Electronics Energy Business Group |
| Managing Executive Officer | Hiroshi Tetsutani (Reappointed) |
Corporate General Manager, Power Electronics Industry Business Group |
| Managing Executive Officer [Executive Officer] |
Yoshitada Miyoshi (Promoted) |
General Manager of President’s Office, In charge of SDGs Promotion, Public Relations and IR |
| Executive Officer | Kenji Goto (Reappointed) |
Deputy Corporate General Manager, Power Electronics Energy Business Group |
| Executive Officer | Masahiro Morimoto (Reappointed) |
President and Representative Director of Fuji Electric FA Components & Systems Co., Ltd. |
| Executive Officer | Tadao Horie (Reappointed) |
Corporate General Manager, Power Generation Business Group |
| Executive Officer | Masato Miyake (Reappointed) |
General Manager, Legal Office, Corporate Management Planning Headquarters |
| Executive Officer | Keiichi Asano (Reappointed) |
Corporate General Manager, Food & Beverage Distribution Business Group |
| Executive Officer | Takashi Obinata (Reappointed) |
Corporate General Manager, Production & Procurement Group [Deputy Corporate General Manager, Production & Procurement Group] |
| Executive Officer | Hiroshi Ishii (Reappointed) |
Corporate General Manager, Power Electronics Sales Group |
