[Translation]
April 28, 2016
Notice Concerning Modification of Management Structure, Change of Representative Directors, Executives and Managing Officers
At the meeting held on April 28, 2016, the board of directors of Toyota Industries Corporation (TICO) resolved on its modification of management structure and personnel change regarding its representative directors, executives and managing officers.
It will take effect after the resolution of the 138th Ordinary General Meeting of Shareholders and the Board of Directors meeting held on June 10, 2016.
Modification of Management Structure
TICO will modify its management structure designed to strengthen corporate governance. Specifically, it will divide and clarify the role of "Director", who is responsible for the management (decision-making and supervision), and "Managing Officer", who is responsible for the execution of business operations. It follows that the "Senior Managing Director" will be eliminated.
*1 "Managing Officer" is composed by both "Senior Managing Officer (new)" and "Managing Officer (new)".
*2 A formal decision will be made pending approval by the Ordinary General Meeting of Shareholders, held on June 10, 2016.
Change of Executives and Managing Officers
Change of Representative Director
New Representative Director
Name
New title
Current title
Masaharu Suzuki
Executive Vice President, Member of the Board and
Representative Director
Senior Managing Director
Career Summary of the new Representative Director
Name
Masaharu Suzuki
Date of birth
February 15, 1954 (age: 62)
Career summary
April 1976
Joined the Company
June 2008
Managing Officer of the Company
June 2011
Senior Managing Director of the Company
Shareholding
54,460
Change of Executives
Retiring Directors
Name
Current title
Hirotaka Morishita
Executive Vice President, Member of the Board and
Representative Director
Norio Sasaki
Senior Managing Director
Toshifumi Ogawa
Senior Managing Director
Toshifumi Onishi *1
Senior Managing Director
Takaki Ogawa
Director
Keiichi Fukunaga *1
Director
*1 "Senior Managing Officer (new)" (appointed, as indicated below)
Director with Title Change
Name
New title
Current title
Takuo Sasaki
Senior Managing Officer (new),
Member of the Board
Senior Managing Director
Change of Audit and Supervisory Board Members
New Audit and Supervisory Board Member
Name
Current title
Toshifumi Ogawa
Senior Managing Director
Retiring Audit and Supervisory Board Member
Name
Current title
Kakuo Ishikawa
Audit and Supervisory Board Member
New Outside Audit and Supervisory Board Member
Name
Current position
Akihisa Mizuno
Chairman of the Board of Directors, Chubu Electric Power Co.,Inc.
Retiring Outside Audit and Supervisory Board Member
Name
Current title
Toshio Mita
Outside Audit and Supervisory Board Member
Change of Managing Officers
Senior Managing Officers (new)
Name
New title
Current title
Takuo Sasaki
Senior Managing Officer (new),
Member of the Board
Senior Managing Director
Toshifumi Onishi
Senior Managing Officer (new)
Senior Managing Director
Kan Otsuka
Senior Managing Officer (new),
Member of the Board
Director
Taku Yamamoto
Senior Managing Officer (new),
Member of the Board
Director
Keiichi Fukunaga
Senior Managing Officer (new)
Director
Managing Officers (new)
Name
New title
Current title
Yukihisa Tsuchimoto
Managing Officer (new)
Senior Managing Officer
Takashi Ito
Managing Officer (new)
Senior Managing Officer
Toshiya Yamagishi
Managing Officer (new)
Managing Officer
Junichi Harada
Managing Officer (new)
Managing Officer
Mikihiko Okamoto
Managing Officer (new)
Managing Officer
Yojiro Mizuno
Managing Officer (new)
Managing Officer
Masahiro Kawaguchi
Managing Officer (new)
Managing Officer
Yuji Ishizaki
Managing Officer (new)
Managing Officer
Keizo Hara
Managing Officer (new)
Managing Officer
Kiyotsugu Kurimoto
Managing Officer (new)
Managing Officer
Masafumi Kunito
Managing Officer (new)
Managing Officer
Toshihiko Shimizu
Managing Officer (new)
Managing Officer
Koichi Ito
Managing Officer (new)
Managing Officer
Yasushi Kawai
Managing Officer (new)
Managing Officer
Hiroaki Kayukawa
Managing Officer (new)
Managing Officer
Toru Inagawa
Managing Officer (new)
Managing Officer
Hiroshi Matsumoto
Managing Officer (new)
Managing Officer
Kota Otoshi
Managing Officer (new)
Managing Officer
Norio Wakabayashi
Managing Officer (new)
Managing Officer
Kazunari Masuoka
Managing Officer (new)
Managing Officer
(continued)
Name
New title
Current title
Kazunari Kumakura *2
Managing Officer (new)
General Manager
Purchasing Dept., Engine Div.
Hiroaki Matsuda *2
Managing Officer (new)
General Manager Manufacturing Dept. No.2,
Compressor Div.
Hisashi Ichijo *2
Managing Officer (new)
General Manager Engineering Dept. No.2,
R&D Headquarters
*2 newly appointed member
Retiring Managing Officers
Name | Current title |
Hiroaki Asai | Senior Managing Officer |
Kazuyuki Yamaguchi | Managing Officer |
(For your reference) New Management Structure
As a result of the foregoing changes, the Company's new management structure as of June 10, 2016 will be as follows.
1) Board of Directors
Name | Title |
*3 Tetsuro Toyoda | Chairman of the Board |
*3 Akira Onishi | President, Member of the Board |
*3 Kazue Sasaki | Executive Vice President, Member of the Board |
*3 Shinya Furukawa | Executive Vice President, Member of the Board |
*3*4 Masaharu Suzuki | Executive Vice President, Member of the Board |
Takuo Sasaki | Senior Managing Officer (new), Member of the Board |
Kan Otsuka | Senior Managing Officer (new), Member of the Board |
Taku Yamamoto | Senior Managing Officer (new), Member of the Board |
Shuzo Sumi | Outside, Independent Director |
Kenichiro Yamanishi | Outside, Independent Director |
Mitsuhisa Kato | Outside Director |
Toyota Industries Corporation issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 03:57:16 UTC
Original Document: http://www.toyota-industries.com/news/2016/160428yakuin/index.pdf