News Release

Epson Announces Executive Personnel Changes

- TOKYO, Japan, April 27, 2018 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that a meeting of its board of directors had provisionally approved the following executive personnel changes. The changes are subject to final approval at the company's annual general meeting and board meeting scheduled to be held on June 27, 2018.

The lineup of executive officers from June 27 has also been approved.

1. Reasons for changes

Now in the final year of the Epson 25 Corporate Vision and Mid-Range Business Plan (FY2016-18), Epson has implemented these changes with the aims of further strengthening its corporate governance, and of accelerating its efforts to create a strong organization capable of generating ongoing improvements in corporate value and growth.

2. Appointment and retirement of directors

Appointments

  • Yasunori Ogawa

    Director, executive officer (currently executive officer; chief operating officer, Visual Products Operations Division)

  • Taro Shigemoto

    Director, full-time Audit & Supervisory Committee member (currently special audit & supervisory officer)

Retirement

  • Noriyuki Hama

    Currently director, full-time Audit & Supervisory Committee member
    * Retirement due to expiry of term

3. Retirement and appointment of executive officers (excludes executive officers jointly holding directorships)

Retirements

  • Tadaaki Hagata

    Currently managing executive officer; president, Epson Precision (Philippines) Inc.
    * Retirement due to expiry of term

  • Yasunori Ogawa

    Currently executive officer; chief operating officer, Visual Products Operations Division
    * Retirement due to expiry of term. To be appointed director, executive officer from the same date.

Appointments

  • Kazunori Kumakura

    Executive officer (currently general administrative manager, IT Division)

  • Yoshifumi Yoshida

    Executive officer (currently chief operating officer, Robotics Solutions Operations Division)

4. Retirement and Appointment of special audit & supervisory officer

Retirement

  • Taro Shigemoto

    Currently special audit & supervisory officer; general administrative manager, Audit & Supervisory Committee Office
    * Retirement due to expiry of term. To be appointed director, full-time Audit & Supervisory ommittee member from the same date.

Appointment

  • Akihiko Toeda

    Special audit & supervisory officer (currently general administrative manager, Compliance Office and deputy general administrative manager, Management Control Division)

5. Planned date of changes

June 27, 2018

Note: Proposed appointments after June 27, 2018

1. Directors

Minoru Usui President and Representative Director
Shigeki Inoue Representative Director, Senior Managing Executive Officer
Koichi Kubota Director, Senior Managing Executive Officer
Masayuki Kawana Director, Executive Officer
Tatsuaki Seki Director, Executive Officer
Yasunori Ogawa Director, Executive Officer (new appointment)
Hideaki Omiya Director (outside director)
Mari Matsunaga Director (outside director)
Taro Shigemoto Director, Full-Time Audit & Supervisory Committee Member (new appointment)
Michihiro Nara Director (outside director), Audit & Supervisory Committee Member
Chikami Tsubaki Director (outside director), Audit & Supervisory Committee Member
Yoshio Shirai Director (outside director), Audit & Supervisory Committee Member

Total: 12

2. Executive officers (excludes executive officers jointly holding directorships)

Motonori Okumura Managing Executive Officer
Junichi Watanabe Managing Executive Officer
Hideki Shimada Managing Executive Officer
Yasumasa Kitamatsu Executive Officer
Akihiro Fukaishi Executive Officer
Sunao Murata Executive Officer
Yoshiyuki Moriyama Executive Officer
Toshiya Takahata Executive Officer
Tsuyoshi Kitahara Executive Officer
Naoyuki Saeki Executive Officer
Nobuyuki Shimotome Executive Officer
Kazuyoshi Yamamoto Executive Officer
Munenori Ando Executive Officer
Hitoshi Igarashi Executive Officer
Keith Kratzberg Executive Officer
Isamu Otsuka Executive Officer
Eiichi Abe Executive Officer
Kazuhiro Ichikawa Executive Officer
Keijiro Naito Executive Officer
Kazunori Kumakura Executive Officer (new appointment)
Yoshifumi Yoshida Executive Officer (new appointment)

Total: 21

3. Special Audit & Supervisory Officer

Akihiko Toeda Special Audit & Supervisory Officer (new appointment)

About Epson
Epson is a global technology leader dedicated to connecting people, things and information with its original efficient, compact and precision technologies. With a lineup that ranges from inkjet printers and digital printing systems to 3LCD projectors, watches and industrial robots, the company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 76,000 employees in 87 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.
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