March 22, 2012
Fuji Electric Co., Ltd.
Announcement Regarding Changes to the Management of Fuji Electric Co., Ltd.
and the Agenda Item to be Proposed at the Company’s Ordinary General Meeting of Shareholders
Fuji Electric Co., Ltd. announced its decision today to put forward candidates for the position of director and auditor following a meeting of its Board of Directors held on March 22, 2012. Brief details are presented as follows.
The appointment of candidate directors and auditors 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 the end of June 2012.
1. Directors
※[ ] current title
Reappointed, promoted and newly appointed Director
| President and Representative Director |
(Reappointed) |
Michihiro Kitazawa |
| Representative Director |
(Promoted) |
Yoshio Okuno
[Director and Managing Executive Officer, and General Manager of Sales Headquarters] |
| Representative Director |
(Promoted) |
Hisao Shigekane
[Director and Senior Managing Executive Officer, and General Manager of Corporate Marketing Headquarters] |
| Outside Director |
(Reappointed) |
Hiroaki Kurokawa |
| Outside Director |
(Reappointed) |
Motoyuki Suzuki |
| Outside Director |
(Newly appointed) |
Takashi Okimoto
[CEO of Seiwa Sogo Tatemono Co., Ltd.] |
| Director |
(Reappointed) |
Michio Abe |
| Director |
(Newly appointed) |
Takamichi Hamada
[Senior Managing Executive Officer and in charge of China business] |
| Director |
(Reappointed) |
Naoto Yoneyama |
Resigning Directors
| Representative Director |
Mitsunori Shirakura |
To be appointed Special Advisor |
| Outside Director |
Tadashi Kudo |
|
| Director |
Junichi Matsumoto |
[Executive Officer and General Manager of Corporate Finance Office] |
| Director |
Naoya Eguchi |
[Executive Officer and General Manager of Corporate R&D Headquarters] |
2. Auditors
Not re-elected, reappointed and newly appointed auditor
| Standing Auditor |
(Reappointed) |
Keiichi Hirata |
| Standing Auditor |
(Not re-elected) |
Toshio Shinozaki |
| Outside Auditor |
(Reappointed) |
Takahiko Ito |
| Outside Auditor |
(Newly appointed) |
Yoshiki Sato
[President of Asahi Mutual Life Insurance Co.] |
| Outside Auditor |
(Newly appointed) |
Akiko Kimura
[Attorney-at-low of Anderson Mori & Tomotsune] |
Resigning Auditors
| Outside Auditor |
Yuzuru Fujita |
| Outside Auditor |
Kunio Morikiyo |
