Epson Announces Executive Personnel Changes

- TOKYO, Japan, April 30, 2014 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that a meeting of its board of directors had provisionally approved the following executive personnel changes. The changes are subject to final approval at the company's annual general meeting, board meeting and auditors' meeting scheduled to be held on June 24, 2014.

The lineup of executive officers from June 24 has also been approved.

1. Reasons for changes

Epson aims to establish a management structure that will enable it to expand and transform its business portfolio as described in its Updated Second Half SE15 Mid-Range Business Plan, and that will help create an ongoing profit-generating business structure.

2. Change of representative directors

Retirement

  • Kenji Kubota
    (Currently senior managing director (representative director) and general administrative manager, Management Control Division, and general administrative manager, Compliance Office)
    *Retirement due to expiry of term. Nominated to become standing statutory auditor from the date of his retirement from other positions.

Promotion

  • Noriyuki Hama
    Senior managing director (representative director)
    (Currently managing director and general administrative manager, Human Resources Division)

Brief career history of Noriyuki Hama

Noriyuki Hama
(Born July 6, 1954) 		April 1978 Joined Suwa Seikosha Co., Ltd. (currently Seiko Epson Corporation) Owns 26,000 Epson shares
April 2003 Appointed Deputy General Administrative Manager, Management Control Office
June 2003 Appointed Director
June 2006 Appointed Executive Officer
November 2008 Appointed Chairman, Epson Europe B.V.
April 2010 Appointed General Administrative Manager, Human Resources Division (current position)
June 2010 Appointed Director
June 2012 Appointed Managing Director (current position)
3. Change of directors

Retirement

  • Seiichi Hirano
    (Currently managing director and president, Epson Sales Japan Corporation)
    * Retirement due to expiry of term. Nominated to become standing statutory auditor from the date of his retirement from other positions.
  • Masataka Kamiyanagi
    (Currently managing director and general administrative manager, Intellectual Property Division)
    * Retirement due to expiry of term.

Promotion

  • Shigeki Inoue
    Managing director (currently director and general administrative manager, Business Infrastructure Development Division)

New appointments

  • Motonori Okumura
    Director (currently executive officer and general administrative manager, Imaging Products Key Component Research & Engineering Division)
  • Junichi Watanabe
    Director (currently chief operating officer, Visual Products Operations Division)
  • Masayuki Kawana
    Director (currently general manager, Human Resources Department)
  • Hideaki Omiya
    Director (outside director)
4. Change of auditors

Retirement

  • Toru Oguchi
    (Currently standing statutory auditor)
    *Retirement due to expiry of term.
  • Torao Yajima
    (Currently standing statutory auditor)
    *Retirement due to expiry of term.

New appointments

  • Kenji Kubota
    Standing statutory auditor (currently senior managing director (representative director) and general administrative manager, Management Control Division, and general administrative manager, Compliance Office)
  • Seiichi Hirano
    Standing statutory auditor (currently managing director and president, Epson Sales Japan Corporation)
5. Changes of executive officers

Retirement

  • Hiroshi Komatsu
    (Currently managing executive officer and deputy general administrative manager, Business Infrastructure Development Division)
    *Retirement due to expiry of term.
  • Akihiko Sakai
    (Currently executive officer and president, Tohoku Epson Corporation)
    *Retirement due to expiry of term.
  • Ryuhei Miyagawa
    (Currently executive officer and deputy general administrative manager, Business Infrastructure Development Division, and general manager, Safety Promotion Department)
    *Retirement due to expiry of term. Will continue as deputy general administrative manager, Business Infrastructure Development Division)
  • Hiromi Taba
    (Currently executive officer and president, Epson Europe B.V.)
    *Retirement due to expiry of term. Will continue as president, Epson Europe B.V.
  • Motonori Okumura
    (Currently executive officer and general administrative manager, Imaging Products Key Component Research & Engineering Division)
    *Retirement due to expiry of term. Nominated as director from the date of his retirement from other positions.
  • Takashi Oguchi
    (Currently executive officer and president, P.T. Indonesia Epson Industry)
    *Retirement due to expiry of term.

New appointments

  • Sunao Murata
    Executive officer (currently general administrative manager, IT Division, and general manager, C Project)
  • Yoshiyuki Moriyama
    Executive officer (currently chief operating officer, Sensing Systems Operations Division)
  • Toshiya Takahata
    Executive officer (currently deputy chief operating officer, Printer Operations Division, and general manager, BIJ Planning & Design Project)
  • Tsuyoshi Kitahara
    Executive officer (currently chief operating officer, Industrial Solutions Operations Division)
  • Naoyuki Saeki
    Executive officer (currently director, and general administrative manager, Vertical Sales Division, both Epson Sales Japan Corporation)
    *Appointed president, Epson Sales Japan Corporation, from the date of his appointment as executive officer.

Shinji Uchibori will be appointed president, Tohoku Epson Corporation, from the same date (currently general manager, IC Production Department, and general manager, IC Engineering Department, both Tohoku Epson Corporation).

6. Planned date of changes

June 24, 2014

Note: Proposed appointments after June 24, 2014

1. Directors and auditors

President (representative director) Minoru Usui
Senior managing director (representative director) Noriyuki Hama (promotion)
Managing director Shigeki Inoue (promotion)
Director Yoneharu Fukushima
Director Koichi Kubota
Director Motonori Okumura (new appointment)
Director Junichi Watanabe (new appointment)
Director Masayuki Kawana (new appointment)
Director (outside director) Toshiharu Aoki
Director (outside director) Hideaki Omiya (new appointment)
Standing statutory auditor Kenji Kubota (new appointment)
Standing statutory auditor Seiichi Hirano (new appointment)
Outside statutory auditor Yoshiro Yamamoto
Outside statutory auditor Kenji Miyahara
Outside statutory auditor Michihiro Nara

2. Executive officers

Managing executive officer John Lang
Managing executive officer Tadaaki Hagata
Executive officer Kiyofumi Koike
Executive officer Koichi Endo
Executive officer Yasumasa Kitamatsu
Executive officer Hideki Shimada
Executive officer Masayuki Kitamura
Executive officer Akihiro Fukaishi
Executive officer Sunao Murata (new appointment)
Executive officer Yoshiyuki Moriyama (new appointment)
Executive officer Toshiya Takahata (new appointment)
Executive officer Tsuyoshi Kitahara (new appointment)
Executive officer Naoyuki Saeki (new appointment)


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