Notice Regarding Appointment of Outside Directors and Outside Corporate Auditors

01 Oct 2013

TOKYO, Japan, October 1, 2013 — Renesas Electronics Corporation (TSE: 6723) today announced the following changes in its Members of the Board and Corporate Auditors. These changes were approved at the Ordinary General Meeting of Shareholders on June 26, 2013 under Proposal #2 “Election of Two Directors Associated with Issuance of Shares for Subscription” and Proposal #3 “Election of One Corporate Auditor Associated with Issuance of Shares for Subscription”, and became effective following the completion of payment, on September 30, 2013, for the issuance of new shares offered by way of third-party allotment to The Innovation Network Corporation of Japan (INCJ), Toyota Motor Corporation, Nissan Motor Co., Ltd., Keihin Corporation, Denso Corporation, Canon Inc., Nikon Corporation, Panasonic Corporation and Yaskawa Electric Corporation as expected allottees.

 

Newly appointed executives

Two outside Directors and one outside Corporate Auditor have joined Renesas’ executive team from the Innovation Network Corporation of Japan as of October 1, 2013 to participate in Renesas’ management with the aim of improving its corporate value.

 

New outside Directors 

Haruyasu Asakura
Hidetoshi Shibata

 

New outside Corporate Auditor 

Takeshi Sekine

 

(Reference) Renesas' executive team following the changes

 

Title Name
Representative Director, Chairman and CEO Hisao Sakuta
Representative Director, President and COO Tetsuya Tsurumaru
Senior Vice President and Member of the Board Shigeo Mizugaki
Outside Director Haruyasu Asakura
Outside Director Hidetoshi Shibata
Outside Auditor Kazuki Fukuda
Outside Corporate Auditor (part-time) Yoichiro Yamakawa
Outside Corporate Auditor (part-time) Yoshinobu Shimizu
Outside Corporate Auditor (part-time) Takeshi Sekine

About Renesas Electronics Europe

Renesas delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live – securely and safely. The number one global supplier of microcontrollers, and a leader in A&P and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future.

Renesas was established in 2010 and is headquartered in Japan. With over 800 hardware and software alliance partners worldwide, it has the industry’s largest local support network. Renesas Electronics’ European structure is comprised of two business groups – automotive and industrial – as well as the global ADAS solution group and the engineering group.

Further information about Renesas Electronics Europe is available at at www.renesas.com.
Renesas Electronics Europe is also on social media at http://twitter.com/Renesas_Europe, http://facebook.com/RenesasEurope and http://youtube.com/RenesasPresents.

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About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.


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