TOKYO, Japan, June 28, 2016—Renesas Electronics Corporation (TSE: 6723) today announced the following changes in its Outside Directors, which became effective following the adoption of the resolutions at the General Shareholders’ Meeting held on June 28, 2016. The company also announced the retirement of its Members of the Board, following the conclusion of the Shareholders’ Meeting.
1. Executive Personnel Changes (As of June 28, 2016)
1.1) New Members of the Board
Outside Director: Mikihide Katsumata
Outside Director: Jiro Iwasaki
1.2) Brief biography of the new Members of the Board
| Name (Date of Birth) |
Brief Biography | |
|---|---|---|
| Mikihide Katsumata (May 21, 1960) |
Apr 1983 | Joined The Industrial Bank of Japan, Limited (currently, Mizuho Corporate Bank Limited) |
| Aug 1999 | Joined Merrill Lynch Japan Securities, Global Principal Investments, as Director | |
| Apr 2002 | Founded Nippon Mirai Capital Co., Ltd as Partner & Chief Financial Officer | |
| Apr 2007 | Founded New Frontier Capital Management Co., Ltd. as Chief Executive Officer | |
| Apr 2010 | Joined Mobile Internet Capital, Inc. as President & Chief Executive Officer | |
| Feb 2015 | President and COO/CIO, Innovation Network Corporation of Japan (to the present) | |
| Name (Date of Birth) |
Brief Biography | |
|---|---|---|
| Jiro Iwasaki (December 6, 1945) |
Apr 1974 | Joined TDK Corporation |
| Jun 1996 | Director, GM of Human Resources, TDK Corporation | |
| Jun 1998 | Director & Senior Vice President, Executive Officer of Recording Media & Solutions Business Group, TDK Corporation | |
| Jun 2006 | Director & Executive Vice President, Senior Executive Officer of Administration Group, TDK Corporation | |
| Mar 2008 | Audit and Supervisory Board Member, GCA Savvian Corporation | |
| Oct 2008 | Outside Director, JVC KENWOOD Holdings, Ink. | |
| Jun 2009 | Director & Senior Vice President & Executive Officer, Strategic Human Resources & Administration Division, JVC KENWOOD Holdings, Ink. | |
| Mar 2011 | Audit and Supervisory Board Member, SBS Holdings, Ink. | |
| Apr 2011 | Professor at Teikyo University, Faculty of Economics/Department of Business Administration | |
| Mar 2015 | Outside Director, SBS Holdings, Ink.(to the present) | |
| Apr 2015 | Audit and Supervisory Board Member(Full-time), GCA Savvian Corporation | |
| Mar 2016 | Director (Full-time Audit and Supervisory Committee Member), GCA Savvian Corporation (to the present) | |
1.3) Retiring Members of the Board
| Hidetoshi Shibata | Executive Vice President, Member of the Board & CFO (Note 1) |
| Takao Endo | Member of the Board |
| Nobuyuki Nakano | Outside Director |
(Note 1) Mr. Shibata will continue to serve as Executive Vice President and CFO.
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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