In order to clarify the management responsibilities, ARTERIA Networks Corporation announced the resignation of the person who had served as ARTERIA's President and CEO and that ARTERIA will reorganize the management structure, enhance awareness of compliance, and take measures necessary to prevent similar occurrences in the future. At the same time, ARTERIA resolved that Koji Kabumoto, who was a part-time member of ARTERIA's Board, would be appointed as ARTERIA's President and CEO at the meeting of ARTERIA's Board of Directors April 17, 2019.