| June 1, 2005 |
| Press Release |
Announcement of Organizational and Personnel Changes Effective June 1, 2005
KENWOOD Corporation (President & CEO: Haruo Kawahara; Head Office: Hachioji, Tokyo) is pleased to announce the implementation of the following organizational and personnel changes effective June 1, 2005.
| 1. | Principal Organizational Changes |
KENWOOD Americas Headquarters Preparatory Office was established as of November 15, 2004, and was reestablished as the KENWOOD Americas Headquarters that will gain overall control of KENWOOD U.S.A. as of June 1, 2005.
This integrates the management of the three sales companies of US, Canada and Latin America into one, aiming to reinforce as well as expand KENWOOD's business in the Americas. With this corporate organizational change, KENWOOD's operational management structure for the Americas, Europe and Asia reaches its fully implemented state.
Additionally, the wireless business transferred from Toyo Communication Equipment Co., Ltd. was fused with KENWOOD's extant wireless radio business. The TY Project under the Communications Equipment Division was dissolved for organizational unification and the new business title of PS Management was created in order to enhance activities toward profit and loss management and the goal accomplishment of the profit and loss plan.
| 2. | Changes in Executive Officers' Posts |
The following executive officer's duties are altered in accordance with above organizational change.
| Name | New Duties | Previous Duties |
| Yoshihiko Ueno | Senior Vice President & Executive Officer Assistant to CEO; Engineering |
Senior Vice President & Executive Officer General Executive of Communications Equipment Div. General Manager of Yokohama Business Center |
| Hiroshi Komatsuzaki | Executive Vice President & Executive Officer General Executive of Communications Equipment Div. General Manager of Yokohama Business Center |
Executive Vice President & Executive Officer Assistant to CEO; Communications Equipment Business |
| Hiroyuki Taki | Senior Vice President & Executive Officer Deputy General Executive, Vice President, PS Business and Senior Manager, Business Management Dept. of Communications Equipment Div. |
Senior Vice President & Executive Officer Deputy General Executive, Senior Manager, Business Management Dept. and Leader, TY Project of Communications Equipment Div. |
| Sadaharu Kato | Vice Executive Assistant to CEO; Supporting Speaker System Div. |
Vice Executive General Executive of Speaker System Div. Assistant to General Executive of Home Electronics Div. |
| 3. | Personnel Transfers |
| Name | New Duties | Previous Duties |
| Osamu Yonahara | General Executive of Speaker System Div. | Assistant to Senior Manager of KENWOOD Americas Headquarters Preparatory Office President (part time) of KENWOOD Electronics Canada Inc. President (part time) of KENWOOD Electronics Latin America S.A. |
| Kazuhiro Aigami | Vice President, Overseas Marketing Management and Senior Manager, Overseas Sales Dept. of Communications Equipment Div. | Senior Manager, Overseas Sales Dept. of Communications Equipment Div. |
| 4. | Personnel Transfer of Subsidiaries |
| Name | New Duties | Previous Duties |
| Mikio Kamimura | Chairman of KENWOOD U.S.A. Corp. Representative of KENWOOD Americas Headquarters President of KENWOOD Electronics Canada Inc. President of KENWOOD Electronics Latin America S.A. |
Senior Manager of KENWOOD Americas Headquarters Preparatory Office |
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For queries regarding this article, please contact:
Investor & Public Relations Office
KENWOOD Corporation (Japan)
Tel: +81-426-46-6724
Fax: +81-426-46-1440
Email: pr.qa@pr.kenwood.co.jp
Updated September 27, 2005 (C) 2005 KENWOOD Corporation