News Release

Epson Announces Executive Personnel Changes

- TOKYO, Japan, April 26, 2019 -

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 26, 2019.
The lineup of executive officers from June 26 has also been approved.

1. Reasons for changes

Now in the first year of the Epson 25 Phase 2 Mid-Range Business Plan (FY2019-21), 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. Promotion and appointment of directors

Promotion

  • Tatsuaki Seki

    Director, managing executive officer (currently director, executive officer; general administrative manager, Management Control Division)

  • Yasunori Ogawa

    Director, managing executive officer (currently director, executive officer; general administrative manager, Technology Development Division)

Appointment

  • Toshiya Takahata

    Director, executive officer (currently executive officer; general administrative manager, Corporate Planning Division, and general administrative manager, DX Division)

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

Retirements

  • Toshiya Takahata

    Currently executive officer; general administrative manager, Corporate Planning Division, and general administrative manager, DX Division
    * Retirement due to expiry of term. To be appointed director, executive officer from the same date.

  • Yasumasa Kitamatsu

    Currently executive officer, Technology Development Division
    * Retirement due to expiry of term.

Appointments

  • Andrea Zoeckler

    Executive officer (currently senior vice president, COO and CFO, Epson America, Inc.)

  • Yoshiro Nagafusa

    Executive officer (currently senior vice president, Epson Europe B.V.)

  • Satoru Hosono

    Executive officer (currently deputy general administrative manager, Technology Development Division, and deputy chief operating officer, Printing Solutions Operations Division)

  • Fuminori Suzumura

    Executive officer (currently president, Epson Sales Japan Corp.)

  • Akifumi Takei

    Executive officer (currently president, Epson Precision (Philippines), Inc.)

Changes

  • Sunao Murata

    Technology officer(currently executive officer; deputy general administrative manager, DX Division)

  • Tsuyoshi Kitahara

    Technology officer(currently executive officer; Technology Development Division)

4. Appointment of technology officers

We have established the position of technology officer for executive officers with the responsibility of generating corporate value by developing technologies, products and business models that will support long-term market competitiveness.

5. Planned date of changes

June 26, 2019

Note: Proposed appointments after June 26, 2019

1. Directors

Minoru Usui President and Representative Director
Koichi Kubota Representative Director, Senior Managing Executive Officer
Tatsuaki Seki Director, Managing Executive Officer (promotion)
Yasunori Ogawa Director, Managing Executive Officer (promotion)
Masayuki Kawana Director, Executive Officer
Toshiya Takahata Director, Executive Officer (new appointment)
Hideaki Omiya Director (outside director)
Mari Matsunaga Director (outside director)
Taro Shigemoto Director, Full-Time Audit & Supervisory Committee Member
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
Akihiro Fukaishi Executive Officer
Yoshiyuki Moriyama 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
Yoshifumi Yoshida Executive Officer
Andrea Zoeckler Executive Officer (new appointment)
Yoshiro Nagafusa Executive Officer (new appointment)
Satoru Hosono Executive Officer (new appointment)
Fuminori Suzumura Executive Officer (new appointment)
Akifumi Takei Executive Officer (new appointment)
Sunao Murata Technology Officer (change)
Tsuyoshi Kitahara Technology Officer (change)

Total: 24

3. Special Audit & Supervisory Officer

Akihiko Toeda Special Audit & Supervisory Officer

About Epson
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than US$10 billion.
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