Renesas Electronics Announces Executive Personnel Changes

19 Feb 2019

TOKYO, Japan — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today made the following changes concerning Members of the Board. The changes were approved at a meeting of the Board of Directors on February 19, 2019 and will become effective following the adoption of the resolutions at the 17th Ordinary General Shareholders’ Meeting to be held on March 20, 2019.

1. Outline of the Change in Members of the Board (As of March 29, 2018)

(1) Reason for the changes

With the conclusion of the 17th Ordinary General Meeting of Shareholders scheduled to be held on March 20, 2019, the terms of office of the present five Members of the Board will also expire. In accordance with these changes, which aim to further strengthen management supervisory functions and transparency, Renesas has decided to add two further outside directors, leading to a total of seven Board members in the future. Renesas also expects the appointment of the new Outside Directors to contribute to enhancing the Board of Directors by improving functions to monitor and check the company’s overall management in terms of promoting appointments of women.

 

(2) New Members of the Board (As of March 20, 2019)

Kyoko Okumiya, Outside Director

Yukiko Nakagawa, Outside Director

2. Brief Biographies of the Newly Appointed Members of the Board

Name Brief Biography
Kyoko Okumiya April 1984 Registered as Attorney-at-Law
April 2001 Partner, Attorney-at-Law, Tanabe & Partners Law Office (to the present)
June 2014 Audit & Supervisory Board Member, NEC Corporation
June 2014 Outside Director, Morinaga Milk Industry Co., Ltd. (to the present)
June 2018 Outside Director, The Bank of Yokohama, Ltd. (to the present)
June 2018 Audit & Supervisory Board Member, Toshiba Tec Corporation (to the present)

Name Brief Biography
Yukiko Nakagawa April 1988 Joined Mitsui Trust Bank, Limited (currently Sumitomo Mitsui Trust Bank, Limited)
October 2006 Personnel Director, Toshiba GE Turbine Services Corporation
September 2014 Personnel Director, Mizkan Holdings Co., Ltd.
April 2016 Professor, the Graduate School of Business Design, Rikkyo University (to the present)
June 2018 Outside Director, EDION Corporation (to the present)

(Reference) Executive team as of March 20, 2019

Position Name
Representative Director, Chairman Tetsuya Tsurumaru
Representative Director, President and CEO Bunsei Kure
Executive Vice President, Member of the Board and CFO Hidetoshi Shibata
Outside Director Tetsuro Toyoda
Outside Director Jiro Iwasaki
Outside Director Kyoko Okumiya
Outside Director Yukiko Nakagawa

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, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.


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