Fuji Electric Global

Global

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
     
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