Resonac : Mr. Tsuneishi Takes Office as Outside Director of Resonac Holdings — Former Chairman of a semiconductor production equipment company will help Resonac to strengthen management power to compete in the semiconductor materials market —
March 31, 2023 at 03:44 am
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March 31, 2023
Resonac Holdings Corporation
Resonac Holdings Corporation (Tokyo: 4004) (President: Hidehito Takahashi) announces that, at the 114th Ordinary General Meeting of Shareholders of the company held on March 30, 2023, Mr. Tetsuo Tsuneishi was newly elected as Outside Director of the company, and took office as Outside Director on the same day.
Outside Director: Tetsuo Tsuneishi
The Resonac Group positions its semiconductor and electronic material business as a core-growth business in its business portfolio, and has been conducting a thorough reform of its investment policy in order to concentrate its investment on semiconductor and electronic material business. To promote this reform into the right direction speedily, Resonac's management team requires participation of capable person who has expertise in the semiconductor industry and experience in management of global business operation. In this context, Resonac decided to invite Mr. Tsuneishi to be its Outside Director. Mr. Tsuneishi joined Tokyo Electron Ltd. in 1976, became Director of Tokyo Electron Ltd. in 1992, and participated in the management team of the semiconductor manufacturing equipment company for many years. Thus, Mr. Tsuneishi has rich expertise in global management and the semiconductor industry. Resonac believes that Mr. Tsuneishi's participation in the management team will increase Resonac's corporate value and strengthen its management power.
[Comments]
Comment by Tetsuo Tsuneishi, Outside Director
Resonac has a long history of about one hundred years since its foundation. In recent years, Resonac has been promoting selection and concentration of business operations, reviewing its business portfolio, executing bold mergers and acquisitions, and focusing its management resources on semiconductor and electronic material business which creates high added value. I have been paying attention to Resonac because the company also continues strengthening competitiveness of its conventional products with leading technologies and enhancing the company's true corporate value through groupwide courageous challenge. I would like to contribute to growth of the company which aims to win through in the global competition and desires to be rated high in the global capital market.
Comment by Hidehito Takahashi, President and CEO
Since January 2023, Resonac has been promoting structural reform to position its semiconductor material business as a central field that supports growth of the company. I believe Mr. Tsuneishi's excellent judgement nourished through his rich experience in the semiconductor industry and sincere effort to enhance corporate value are indispensable for Resonac's success in this reform. Therefore, I'm sure his inauguration of this time will strengthen Resonac's management power directly. I'm looking forward to having lively discussion at the Board of Directors' meetings.
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Resonac Holdings Corporation published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 02:43:06 UTC.
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).
Resonac : Mr. Tsuneishi Takes Office as Outside Director of Resonac Holdings — Former Chairman of a semiconductor production equipment company will help Resonac to strengthen management power to compete in the semiconductor materials market —