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 scheduled to be held on June 25, 2020.

The lineup of executive officers from June 25 has also been approved.

1.	Reasons for changes

Now in the second 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.	Appointment and retirements of directors

Appointments

Susumu Murakoshi

Director (outside director), Audit & Supervisory Committee Member

Michiko Otsuka

Director (outside director), Audit & Supervisory Committee Member

Retirements

Michihiro Nara

Currently director (outside director), Audit & Supervisory Committee Member

Retirement due to expiry of term.

Chikami Tsubaki

Currently director (outside director), Audit & Supervisory Committee Member

Retirement due to expiry of term.

3.	Appointment of executive officers (excludes executive officers jointly holding directorships)

Appointments

Junkichi Yoshida

Executive officer (currently deputy general administrative manager, DX Division, and general manager, P Strategic Planning Department, Printing Solutions Operations Division)

Samba Moorthy

Executive officer (currently managing director, Epson India Pvt. Ltd.)

Yoichi Yamada

Executive officer (currently deputy chief operating officer, Printing Solutions Operations Division)

4.	Planned date of changes

June 25, 2020

Note: Proposed appointments after June 25, 2020

1.	Directors

Minoru Usui Chairman and Director

Yasunori Ogawa President and Representative Director

Koichi Kubota Representative Director, Senior Managing Executive Officer

Tatsuaki Seki Director, Managing Executive Officer

Masayuki Kawana Director, Executive Officer

Toshiya Takahata Director, Executive Officer

Hideaki Omiya Director (outside director)

Mari Matsunaga Director (outside director)

Taro Shigemoto Director, Full-Time Audit & Supervisory Committee Member

Yoshio Shirai Director (outside director), Audit & Supervisory Committee Member

Susumu Murakoshi Director (outside director), Audit & Supervisory Committee Member (new appointment)

Michiko Otsuka Director (outside director), Audit & Supervisory Committee Member (new appointment)

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

Yoshifumi Yoshida Executive Officer

Andrea Zoeckler Executive Officer

Yoshiro Nagafusa Executive Officer

Satoru Hosono Executive Officer

Fuminori Suzumura Executive Officer

Akifumi Takei Executive Officer

Junkichi Yoshida Executive Officer (new appointment)

Samba Moorthy Executive Officer (new appointment)

Yoichi Yamada Executive Officer (new appointment)

Sunao Murata Technology Officer

Tsuyoshi Kitahara Technology Officer

Total: 26

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 JPY 1 trillion.

(C) 2020 Electronic News Publishing, source ENP Newswire