January 11, 2023 | |
Name of Company | Furukawa Electric Co., Ltd. |
Name of Representative | Keiichi Kobayashi, President |
(Code: 5801 Prime Market of the Tokyo Stock Exchange) | |
Contact | Mami Masuda, |
Corporate Vice President and General Manager
of Investor Relations Dept. Finance &
Accounting Division
(TEL. +81-3-6281-8540)
Notice of Change of President and Representative Director
Furukawa Electric Co., Ltd. (hereinafter "Furukawa Electric") announces that a meeting of the board of directors held today resolved to change president and representative directors. Details are as follows.
1. Reason of the change
Furukawa Electric is currently executing the 2022-2025Medium-term Management Plan "Road to Vision 2030 -Transform and Challenge-" centered on "Maximize profits in existing businesses through a focus on capital efficiency," "Build a foundation for creating new businesses by strengthening the development and proposal capabilities" and "Strengthen the foundation for ESG management" directed at achieving the Furukawa Electric Group Vision 2030. Under a new executive management, we will aim to advance the group to the next growth stage through steady execution of the plan based on the management foundation developed to date in the business fields and acceleration of the group's transformation and challenges directed at creating change.
Concerning the selection of the president, a resolution was passed at today's Board of Directors Meeting based on the deliberations and report from the Nominating / Compensation Committee chaired by an outside director and made up of a majority of outside directors.
2. Contents of the changes
New title | Name | Former title |
Chairman and Director | Keiichi Kobayashi | President and Representative Director |
President and | Hideya Moridaira | Director and Corporate Senior Vice |
Representative Director | President | |
General Manager, Communications | ||
Solutions Division |
Also, as of April 1, Mitsuyoshi Shibata, the current Chairman and Director, will relinquish his
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position as chairman but remain as a Director, and as of the close of the 201st Annual Shareholders Meeting scheduled to be held in June 2023, he will resign from the Board of Directors and assume the position of Special Advisor.
- Scheduled date of assuming office April 1, 2023
- Profile of new President and Representative Director Refer to the attachment.
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Attachment
Profile of new President and Representative Director
New title: President and representative director
Name: Hideya Moridaira
Date of birth: July 13, 1965 (Age: 57)
Place of birth: Gunma Prefecture
Number of shareholding: 2,600 shares
Profile
1990 | March | Completed Earth Sciences, Graduate School of Science |
and Faculty of Science, Tohoku University | ||
1990 | April | Entered Furukawa Electric Co., Ltd. |
2014 | April | General Manager, Corporate Planning Department, |
Strategy Division | ||
2016 | April | General Manager, Planning Department, Communications |
Solutions Division | ||
2017 | April | Deputy General Manager, Communications Solutions |
Division | ||
and General Manager, Planning Department, | ||
Communications Solutions Division | ||
2020 | February | General Manager, Optical Fiber and Cable Products |
Division, Communications Solutions Division | ||
2020 | April | Corporate Vice President |
and General Manager, Optical Fiber & Cable Products | ||
Division, Communications Solutions Division | ||
2021 | April | Corporate Vice President |
General Manager, Communications Solutions Division | ||
and General Manager, Optical Fiber & Cable Products | ||
Division, Communications Solutions Division | ||
2021 | May | Corporate Vice President |
and General Manager, Communications Solutions Division | ||
2022 | April | Corporate Senior Vice President |
and General Manager, Communications Solutions Division | ||
2022 | June | Director and Corporate Senior Vice President |
and General Manager, Communications Solutions Division | ||
(to date) |
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Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Furukawa Electric Co. Ltd. published this content on 11 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2023 06:09:08 UTC.