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
|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)|
|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
|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.
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