| May 15, 2007 |
| Press Release |
| Announcement of Changes in Directors of the Board and Executive Officers |
 |
KENWOOD Corporation (President and CEO: Haruo Kawahara; Head Office: Hachioji, Tokyo; hereinafter referred to as “the Company”) is pleased to announce the board of directors resolved to elect 9 directors and 3 statutory auditors, and decided about personnel transfer of Representative Directors of the Board, which is proposed as an agenda for the 78th General Meeting of Shareholders Shareholders to be held on June 28.
Under this proposal, 9 directors (Haruo Kawahara, Kazuo Shiohata, Hiroshi Komatsuzaki, Hiroyuki Taki, Shuntaro Tanaka, Akira Seida, Nobuo Seo, Takenori Kawafune, and Takeo Nagatomo), and 3 statutory auditors (Hideaki Kato, Osamu Hamada, Koichi Kurosaki) shall be re-elected.
Formally decision will draw at the General Meeting of Shareholders, and the board of directors which held afterwards, on June 28.
In addition, the Company is pleased to inform the appointment, retirement and changes in Executive Officers as of June 28 because appointments of present Executive Officers become the expiration for the all the members term of office on the same day. |
|
| 1.Personnel Transfer of Representative Directors of the Board |
|
| New Duties |
Name |
Previous Duties |
| Chairman (Representative Directors of the Board) |
Haruo Kawahara |
President (Representative Directors of the Board) |
| President (Representative Directors of the Board) |
Kazuo Shiohata |
Directors of the Board |
|
|
|
|
(1) Reason of personnel transfer |
| |
The Company completed its revitalization, and finished many preparations to put our businesses on a new growth track. At this stage, we will leave the Company’s future management to a next-generation manager and establish a new position of Chairman. And, under the new framework, we will enhance strategic initiatives for expanding corporate value over the medium to long term while accelerating corporate growth. |
| |
|
| |
|
(2) About new Representative Directors of the Board and a brief career history |
|
| New Position: |
President (Representative Directors of the Board) |
| Name: |
Kazuo Shiohata |
| Home Town: |
Ibaraki-prefecture, Japan |
| Education: |
Graduated the Waseda University, Law Department in March, 1975 |
| Date of birth: |
Jun 29, 1950 |
| Present Address: |
Fuchu-city, Tokyo |
| Brief history: |
|
| July 2001 |
Sales Manager of Yokohama Area, Asahi Bank (present Resona Bank, Limited.) |
| Jun 2002 |
Joined the Company (as Senior Vice President & Executive Officer) |
| Oct 2002 |
General Manager, Financial and Accounting Division |
| Apr 2003 |
Assistant to CEO; Financial and Accounting (CFO) |
| Jun 2003 |
Directors of the Board (to present)
Executive Vice President & Executive Officer (to present)
Assistant to CEO; CFO |
| Jun 2004 |
CFO
Assistant to CEO; Equity, IR & PR Affairs |
| Oct 2005 |
General Manager, Corporate Relations Division (to present) |
| Apr 2006 |
Assistant to CEO; Personnel & Employee Benefit |
| Jun 2006 |
Assistant to CEO; Personnel & Employee Benefit, Financial Strategy Support (to present) |
|
|
|
|
| |
| (3) The prearranged date of assumption of office |
|
June 28, 2007
After the Formally decision, which will draw at the General Meeting of Shareholders, and the board of directors |
|
|
|
| 2.Appointment, Retirement and Changes in Executive Officers |
| |
| (1) A new appointment |
|
| Name |
New Duties |
| Masachika Komiyama |
Senior Vice President & Executive Officer
Assistant to CEO; Corporate Technologies & Strategic Products Development
General Executive, Home Electronics Div.
General Executive, Strategic Technologies Development Center
Chief Engineer, Home Electronics Div. |
| Kazuhiro Aigami |
Senior Vice President & Executive Officer
General Executive, Communications Equipment Div. |
| Tomohiko Yoshimura |
Senior Vice President & Executive Officer
Assistant to CEO; Corporate Production & Quality
General Executive, Procurement Div. |
|
|
|
|
| |
| (2) The retirement |
|
| Name |
New Duties |
| Haruo Kawahara |
& CEO
Chairman of KENWOOD Environment Council |
| Akio ueda |
Executive Vice President & Executive Officer
Assistant to CEO; Operation Innovation |
| Kazuhiro Kitahara |
Senior Vice President & Executive Officer
Representative, KENWOOD Europe Headquarters
President, KENWOOD Electronics Europe B.V.
President, KENWOOD Electronics France S.A. |
|
|
| |
|
| |
| (3) Changes in Executive Officers |
|
| Name |
New Duties |
Previous Duties |
| Kazuo Shiohata |
& CEO |
& Executive Vice President & Executive Officer
General Manager, Corporate Relations Div.
Assistant to CEO; Personnel & Employee Benefit, Financial Strategy Support |
| Shoichiro Eguchi |
Executive Vice President & Executive Officer
Assistant to CEO; Car Electronics Overseas Sales Strategy
Representative, KENWOOD Americas Headquarters
President, KENWOOD U.S.A. Corporation |
Senior Vice President & Executive Officer
Representative, KENWOOD Americas Headquarters
President, KENWOOD U.S.A. Corporation |
| Akira Seida |
& Senior Vice President & Executive Officer
General Executive, Car Electronic OEM Div. |
& Senior Vice President & Executive Officer
General Executive, Procurement Div.
Assistant to CEO; Car Electronics OEM Business Strategy
Senior Manager, Global Procurement Dept., Procurement Div. |
|
|
| |
|
| |
| There is no change of existing appointments in Executive Officers except the above. (as follows) |
|
| Name |
Present Duties |
| Hiroshi Komatsuzaki |
& Senior Executive Vice President & Executive Officer
Assistant to CEO; Communications Business Strategy
General Manager, Yokohama Business Center |
| Hiroyuki Taki |
& Executive Vice President & Executive Officer
CFO
General Manager, Financial and Accounting Div.
Senior Manager, Business Accounting Dept., Financial and Accounting Div. |
| Shuntaro Tanaka |
& Senior Vice President & Executive Officer
Assistant to CEO; Strategic Business Development |
| Makoto Inukai |
Senior Vice President & Executive Officer
General Executive, Car Electronics Consumer Div.
Senior Manager, Product Management Dept., Car Electronics Consumer Div. |
|
|
|
|
| KENWOOD Group is "Reaching out to discover, inspire and enhance the enjoyment of life" as part of its bold, new vision for the future. As a leader in the field of "Mobile & Home Multimedia Systems", KENWOOD is comprised of three businesses (Car Electronics, Communications Equipment and Home Electronics), 11 domestic and 25 overseas subsidiaries around the world. |
|
|
| For inquiries regarding this article, please contact: |
Public & Investor Relations Office,
Corporate Relations Division, KENWOOD Corporation
TEL: +81 42 646 6724 FAX: +81 42 646 1440 E-mail: pr.qa@kenwood.co.jp |
|
|
