TOKYO, Japan, October 1, 2013 — Renesas Electronics Corporation (TSE: 6723) today announced the following changes in its Members of the Board and Corporate Auditors. These changes were approved at the Ordinary General Meeting of Shareholders on June 26, 2013 under Proposal #2 “Election of Two Directors Associated with Issuance of Shares for Subscription” and Proposal #3 “Election of One Corporate Auditor Associated with Issuance of Shares for Subscription”, and became effective following the completion of payment, on September 30, 2013, for the issuance of new shares offered by way of third-party allotment to The Innovation Network Corporation of Japan (INCJ), Toyota Motor Corporation, Nissan Motor Co., Ltd., Keihin Corporation, Denso Corporation, Canon Inc., Nikon Corporation, Panasonic Corporation and Yaskawa Electric Corporation as expected allottees.
Newly appointed executives
Two outside Directors and one outside Corporate Auditor have joined Renesas’ executive team from the Innovation Network Corporation of Japan as of October 1, 2013 to participate in Renesas’ management with the aim of improving its corporate value.
New outside Directors
Haruyasu Asakura
Hidetoshi Shibata
New outside Corporate Auditor
Takeshi Sekine
(Reference) Renesas' executive team following the changes
| Title | Name |
|---|---|
| Representative Director, Chairman and CEO | Hisao Sakuta |
| Representative Director, President and COO | Tetsuya Tsurumaru |
| Senior Vice President and Member of the Board | Shigeo Mizugaki |
| Outside Director | Haruyasu Asakura |
| Outside Director | Hidetoshi Shibata |
| Outside Auditor | Kazuki Fukuda |
| Outside Corporate Auditor (part-time) | Yoichiro Yamakawa |
| Outside Corporate Auditor (part-time) | Yoshinobu Shimizu |
| Outside Corporate Auditor (part-time) | Takeshi Sekine |
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
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