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 25, 2015.
The lineup of executive officers from June 25 has also been approved.
1. Reasons for changes
Epson aims to establish a management structure that will enable it to fulfill its goals as it enters the final year of both its SE15 Corporate Vision and the second half of its SE15 Mid-Range Business Plan, and that will help it expedite a management decisions based on maximizing corporate value and ensuring good corporate governance.
2. Promotions
Yoneharu Fukushima
Managing director
(Currently director, chief operating officer, Robotics Solutions Operations Division, and general administrative manager, Corporate Research & Development Division)
Koichi Kubota
Managing director
(Currently director, and chief operating officer, Printer Operations Division)
3. Changes of executive officers
Retirement
Koichi Endo
(Currently managing director, Epson Singapore Pte. Ltd.)
*Retirement due to expiry of term.
New appointments
Nobuyuki Shimotome
Executive officer (currently deputy general administrative manager, Corporate Research & Development Division)
Kazuyoshi Yamamoto
Executive officer (currently vice president, Epson Europe B.V.)
*Appointed president, Epson Europe B.V., from the date of his appointment as executive officer.
Toshimitsu Tanaka, currently director, Epson Singapore Pte. Ltd., and president, Epson Philippines Corporation, will be appointed managing director, Epson Singapore Pte. Ltd., from the same date.
4. Planned date of changes
June 25, 2015
Note: Proposed appointments after June 25, 2015
1. Directors and auditors
President (representative director)
Minoru Usui
Senior managing director (representative director)
Seiko Epson Corporation specializes in the design, manufacturing and marketing of printing, visual communication and watchmaking equipment and systems, and industrial devices. Net sales break down by family of products as follows:
- printing equipment (71%): printers, scanners, copiers, digital presses, fax machines, ticket printers, labellers, etc. for businesses and individuals. The group also offers consumables (ink cartridges, toners, ribbons, etc.);
- visual communication systems (14.2%): multimedia projectors, smart glasses, LCD displays, etc. ;
- watches and industrial products (14.1%): electronic and mechanical watches, wristwatches, chronometers, optoelectronic devices, precision machine tools, robotic systems, mechatronic products, micro-devices, etc.
- other (0.7%).
At the end of March 2021, Seiko Epson operated 27 production sites worldwide.
Net sales are distributed geographically as follows: Japan (22.3%), the United States (21%), China (14.5%) and other (42.2%).
SEIKO EPSON CORPORATION 
