TOKYO, Japan, February 22, 2013 — Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced the following changes to its Representative Directors, Corporate Officers and organizational structure. These changes were approved at a meeting of the Board of Directors on February 22, 2013.
1. Changes in Representative Directors and Corporate Officers
1-1. Purpose of Changes
Renesas has been pursuing to establish a robust and profitable structure by securing support and capital from major shareholders and main banks, promoting personnel rationalization measures centered around an early retirement incentive program, restructuring of production facilities in Japan, and other initiatives.
As announced on December 10, 2012, in “Renesas Electronics Announces Share Issue through Third-party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies”, Renesas also plans to boost its capital for implementing growth investment in focused areas toward the recovery of its business performance along with establishing a financial base that is resistant to drastic changes in the global economy and the Japanese market.
Under such circumstances, Renesas resolved to change its Representative Directors and Corporate Officers at a meeting of the Board of Directors held today with the aim of promptly establishing the new management structure intended for an earlier recovery of business performance and future growth by speeding up and streamlining decision-making as well as execution of business.
The new Representative Director and Corporate Officers are appointed as of today, February 22, 2013, with the resolution.
1-2. Outline of Changes
(1) Changes in Representative Directors and Corporate Officers who Concurrently Served as Members of the Board
| Name | New Position | Former Position |
|---|---|---|
| Yasushi Akao | Member of the Board | Representative Director, President |
| Masaki Kato | Member of the Board | Representative Director and Executive Managing Vice President |
| Yoichi Yano | Member of the Board | Executive Vice President and Member of the Board |
| Shozo Iwakuma | Member of the Board | Senior Vice President and Member of the Board |
| Shigeo Mizugaki | Senior Vice President and Member of the Board | Senior Vice President, Member of the Board, and Vice President of MCU Business Unit |
| Tetsuya Tsurumaru | Representative Director, President | Senior Vice President, Member of the Board, and Vice President of Production and Technology Unit |
Note: There are no changes in part-time Members of the Board, full-time Corporate Auditors and part-time Corporate Auditors.
(2) Changes in Corporate Officers
<New Corporate Officers who are appointed as of February 22, 2013>
| Name | New Position | Former Position |
|---|---|---|
| Osamu Nogimura | Senior Vice President | Associate Vice President of Production and Technology Unit |
| Manabu Kawashima | Senior Vice President | General Manager of Analog & Power Devices Marketing & Production Planning Division, Sales Management Unit |
| Takeshi Noguchi | Senior Vice President | Executive Vice President, Renesas SP Drivers Inc. |
| Ryuji Omura | Senior Vice President | General Manager of MCU Strategy and Business Planning Division, MCU Business Unit |
(Note: There are no changes in current Senior Vice Presidents, Hideo Tsujioka and Masahiko Sagawa.)
<Retiring Corporate Officers as of February 22, 2013>
(Note: Asterisks (*) indicate positions formerly held.)
Yoshiro Miyaji
Senior Vice President and Vice President of Analog & Power Devices Business Unit*
Shinichi Iwamoto
Senior Vice President, Vice President of Sales Management Unit and General Manager of Automotive Business Division, Sales Management Unit*
Hideaki Chaki
Senior Vice President and Vice President of SoC Business Unit*Tetsuro KitanoSenior Vice President*
Toshihide Tsuboi
Senior Vice President and Associate Vice President of MCU Business Unit*
Atsushi Hasegawa
Senior Vice President and Vice President of Technology Development Unit*
Shinjiro Fujiwara
Senior Vice President and General Manager of Human Resources & General Affairs Division*
Tsutomu Aoki
Senior Vice President and Associate Vice President of Analog & Power Devices Business Unit*
(3) Biography of the Newly Appointed Representative Director and Corporate Officers
<Newly Appointed Representative Director>
| Name Date of Birth |
Biography | Number of Renesas' Shares Held | |
|---|---|---|---|
| Tetsuya Tsurumaru August 29, 1954 |
1979.4 | Joined Hitachi, Ltd. | 1,600 |
| 2002.10 | General Manager of Naka Manufacturing Division, Production and Technology Unit, Semiconductor Group, Hitachi, Ltd. | ||
| 2003.4 | General Manager of Naka Factory, Renesas Technology Corp. | ||
| 2004.4 | General Manager of Saijo Factory, Renesas Technology Corp. | ||
| 2006.4 | General Manager of Strategic Production Planning Division, Production and Technology Unit, Renesas Technology Corp. | ||
| 2008.4 | Managing Officer and Executive General Manager of Production and Technology Unit, Renesas Technology Corp. | ||
| 2010.4 | Senior Vice President and Associate Vice President of Production and Technology Unit, Renesas Electronics Corporation | ||
| 2011.4 | Senior Vice President and Vice President of Production and Technology Unit, Renesas Electronics Corporation | ||
| 2012.6 | Senior Vice President, Member of the Board, and Vice President of Production and Technology Unit, Renesas Electronics Corporation | ||
| 2013.2 | Representative Director, President of Renesas Electronics Corporation | ||
| (today) | |||
<Newly Appointed Corporate Officers>
| Name Date of Birth |
Biography | |
|---|---|---|
| Osamu Nogimura April 7, 1958 |
1981.4 | Joined Hitachi, Ltd. |
| 2003.4 | Department Manager of Naka Manufacturing Department, Naka Factory, MCU & SOC Business Unit, Renesas Technology Corp. | |
| 2008.4 | General Manager of Production Engineering Division, Production and Technology Unit, Renesas Technology Corp. | |
| 2010.4 | Associate General Manager of Strategic Production Planning Division, Production and Technology Unit, Renesas Electronics Corporation | |
| 2011.4 | Associate Vice President of Production and Technology Unit, Renesas Electronics Corporation | |
| 2013.2 | Senior Vice President, Renesas Electronics Corporation | |
| (today) | ||
| Manabu Kawashima July 6, 1959 |
1983.4 | Joined Mitsubishi Electric Corp. |
| 2008.4 | Executive Manager of Marketing & Production Planning Division, Standard Product Business Group, Renesas Technology Corp. | |
| 2008.10 | General Manager of Marketing & Production Planning Division, Standard Product Business Group, Renesas Technology Corp. | |
| 2010.4 | General Manager of Marketing & Production Planning Division, Analog & Power Devices Business Unit, Renesas Electronics Corporation | |
| 2011.4 | General Manager of Marketing & Production Planning Division, Sales Management Unit, Renesas Electronics Corporation | |
| 2013.2 | Senior Vice President, Renesas Electronics Corporation | |
| (today) | ||
| Takeshi Noguchi February 16, 1960 |
1984.4 | Joined Mitsubishi Electric Corp. |
| 2004.4 | Department Manager of Saijo Manufacturing Department, Saijo Factory, Production and Technology Unit, Renesas Technology Corp. | |
| 2007.4 | Department Manager of LCD Design and Production Support Department, LCD Business Unit, Standard Product Business Group, Renesas Technology Corp. | |
| 2007.12 | Associate General Manager of LCD Business Unit, Standard Product Business Group, Renesas Technology Corp. | |
| 2008.4 | Senior Vice President and Member of the Board, Renesas SP Drivers Inc. | |
| 2010.10 | Executive Vice President and Member of the Board, Renesas SP Drivers Inc. | |
| 2013.2 | Senior Vice President, Renesas Electronics Corporation | |
| (today) | ||
| Ryuji Omura December 5, 1961 |
1984.4 | Joined Mitsubishi Electric Corp. |
| 2006.1 | Department Manager of Business Planning Department, System Solution Business Development Division, System Solution Business Group, Renesas Technology Corp. | |
| 2008.4 | General Manager of MCU Business Development Division, MCU Business Group, Renesas Technology Corp. | |
| 2010.4 | General Manager of MCU Strategy and Business Planning Division, MCU Business Unit Renesas Electronics Corporation | |
| 2013.2 | Senior Vice President, Renesas Electronics Corporation | |
| (today) | ||
(4) Schedule
The new Representative Director and Corporate Officers are appointed as of February 22, 2013.
2. Changes in Organizational Structure
2-1. Purpose of Changes
Renesas intends to improve its business performance earlier and restructure its design, development, production and sales organizations together with the aim of steadily accomplishing business and production structural measures the company has implemented so far. In order to attain these aims under the new management structure following the changes in Representative Directors and Corporate Officers, Renesas resolved to change its organizational structure as follows at a meeting of the Board of Directors held today.
2-2. Outline of Changes
- The Sales Management and Marketing Unit will be launched by merging the Sales Management Unit and the Marketing Unit.
- The 1st Solution Business Unit will be launched by merging the MCU Business Unit, the SoC Business Unit and the Technology Development Unit.
- The Analog & Power Devices Business Unit will be renamed “2nd Solution Business Unit”.
2-3. Schedule
New organizations are scheduled to be launched on March 1, 2013.
Note: Above Vice Presidents concurrently serve as Senior Vice Presidents.
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 globalleader 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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