Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501) today announced new directors in accordance with a decision taken at a meeting of Nominating Committee convened today, and is subject to approval at Hitachi’s Ordinary General Meeting of Shareholders in June 2009.
1. Director Candidates
< Board Director (Chair)>
Tadamichi Sakiyama, currently Director
*Takashi Kawamura, currently Representative Executive Officer, Chairman, President and Chief Executive Officer
Michiharu Nakamura, currently Director
*Takashi Miyoshi, currently Representative Executive Officer, Executive Vice President and Executive Officer
Yoshie Ota, currently Outside Director, Advisor, Japan Institute of Workers’ Evolution
Mitsuo Ohashi, currently Outside Director, Chairman of the Board, Showa Denko K.K.
Akihiko Nomiyama, currently Outside Director, Special Advisor, NIPPON MINING HOLDINGS, INC.
Kenji Miyahara, currently Outside Director, Special Advisor, Sumitomo Corporation
Tohru Motobayashi, currently Outside Director, Lawyer, Partner, Ihara & Motobayashi
Takeo Ueno, currently Director, Advisor, Hitachi Via Mechanics, Ltd.
Shungo Dazai, currently Director, Chairman of the Board, Hitachi Construction Machinery Co., Ltd.
Michihiro Honda, currently Director, Chairman of the Board, Hitachi Metals, Ltd.
Each committee is scheduled to be composed of the following members (Chairman underlined)
Nominating Committee:
Takashi Kawamura, Yoshie Ota, Mitsuo Ohashi, Tohru Motobayashi
Audit Committee:
Tadamichi Sakiyama, Yoshie Ota, Akihiko Nomiyama, Kenji Miyahara, Michiharu Nakamura
Compensation Committee:
Takashi Kawamura, Akihiko Nomiyama, Kenji Miyahara, Tohru Motobayashi
Hitachi had announced on March 16 the potential appointment of Takashi Kawamura to the position of Chairman of the Board. Due to the new appointment of Tadamichi Sakiyama as Board Director (Chair), the Company has decided not to have a Chairman of the Board in place.
2. Resigning Directors
Etsuhiko Shoyama, currently Board Director (Chair)
- Scheduled to be appointed to Chairman Emeritus of Hitachi, Ltd., after the Company’s Ordinary General Meeting of Shareholders in June 2009.
Kazuo Furukawa, currently Director, Representative Executive Officer, Vice Chairman and Executive Officer
- Scheduled to resign Representative Executive Officer, Vice Chairman and Executive Officer and to be appointed to Senior Corporate Adviser of Hitachi, Ltd., after the Company’s Ordinary General Meeting of Shareholders in June 2009.
Toyoaki Nakamura, currently Director, Representative Executive Officer, Senior Vice President and Executive Officer
- Scheduled to continue Representative Executive Officer, Senior Vice President and Executive Officer.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE:HIT)(TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 390,000 employees worldwide. Fiscal 2007 (ended March 31, 2008) consolidated revenues totaled 11,226 billion yen ($112.3 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.
Contacts
Hitachi, Ltd.
Masanao Sato, +81-3-5208-9324 (Japan)
masanao.sato.sz {at} hitachi(.)com
or
Hitachi America, Ltd.
Dash Hisanaga, +1-914-333-2987 (U.S.)
tadashi.hisanaga {at} hal.hitachi(.)com
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