USHIO INC. announced that, at the Board of Directors meeting held on January 31, 2019, a resolution has been passed to change the Representative Director, President and Chief Executive Officer. The company announced retirement of Mr. Kenji Hamashima as President and Representative Director, effective March 31, 2019. He is scheduled to retire Director at the same day as well and to be a part-time Corporate Adviser.

The company announced the appointment of Mr. Koji Naito, Managing Executive Officer as President and Representative Director, effective late June 2019. A formal decision regarding the appointment of President and Representative Director will be made subject to the approval at the Annual General Meeting of Shareholders to be held in late June, 2019 and a subsequent Board of Directors meeting. The company announced the retirement of Mr. Kenji Hamashima as Chief Executive Officer, effective March 31, 2019 and appointment of Mr. Koji Naito, Managing Executive Officer as new Chief Executive Officer, effective April 1, 2019.