TOKYO, Japan, February 19, 2021 ― Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced the following changes in its Representative Director, Member of the Board and Corporate Auditor. The changes were approved at the meeting of the Board of Directors on February 19, 2021 and will become effective following the adoption of the resolutions at the 19th Ordinary General Meeting of Shareholders to be held on March 31, 2021.
1. Outline of the change in Representative Director
(1) Retiring (as of March 31, 2021)
| Name | New Title | Current Title |
|---|---|---|
| Tetsuya Tsurumaru | - | Representative Director, Chairman |
(2) Reasons for the change
Tetsuya Tsurumaru has committed 8 years since February 2013 as the Representative Director of Renesas to realize the company's sustainable growth. Having achieved a certain level of achievements through these efforts, along with the expiration of his tenure of office, he has decided to retire from his position as the Representative Director.
2. Outline of the changes in Member of the Board and Corporate Auditor
(1) Newly-appointed Member of the Board and Corporate Auditor (as of March 31, 2021)
| Name | New Title | Current Title |
|---|---|---|
| Noboru Yamamoto | Outside Director | Outside Corporate Auditor |
| Tomoko Mizuno | Outside Corporate Auditor | - |
(2) Brief biographies of the newly-appointed Member of the Board and Corporate Auditor
| Name | Brief Biography | |
|---|---|---|
| Noboru Yamamoto | April 1986 | Joined Mazda Motor Corporation |
| May 1989 | Joined Daiwa Securities Group Inc. | |
| February 2002 | Managing Director, PricewaterhouseCoopers Financial Advisory Service Ltd. (currently, PwC Advisory LLC) | |
| April 2003 | Managing Director, Lazard Frères K.K. | |
| October 2006 | Managing Director, Investment Banking Unit, Nikko City Group Securities Co., Ltd. (currently, Citigroup Global Markets Japan Inc.) | |
| October 2011 | Co-head, Investment Banking Division, BNP Paribas, Tokyo Branch | |
| June 2016 | Outside Director, Hitachi Koki Co., Ltd. (currently, Koki Holdings Co., Ltd.) (present) | |
| September 2016 | Representative Director, Representative Partner & CEO, XIB Capital Partners, Inc. (present) | |
| January 2017 | Senior Advisor, CLSA Capital Partners K.K. (present) | |
| March 2018 | Outside Director, Tsubaki Nakashima Co., Ltd. (present) Outside Corporate Auditor of Renesas Electronics Corporation (present) |
|
| Name | Brief Biography | |
|---|---|---|
| Tomoko Mizuno | July 1994 | Joined Bain & Company Japan, Inc. |
| September 2001 | Marketing Associate, Eli Lilly & Company | |
| January 2003 | Senior MR, Eli Lilly Japan K.K. | |
| June 2005 | Brand Manager, New Product Planning, Novartis Pharma K.K. | |
| January 2009 | Group Manager, Equa Marketing Group, Novartis Pharma K.K. | |
| April 2011 | Brand Leader, Gardasil Marketing Group, MSD K.K. | |
| April 2013 | Director, Japan Automatic Machine Co., Ltd. (present) | |
(Reference) Renesas Members of the Board and Corporate Auditors as of March 31, 2021
| Position | Name |
|---|---|
| Representative Director, President and CEO | Hidetoshi Shibata |
| Outside Director | Tetsuro Toyoda |
| Outside Director | Jiro Iwasaki |
| Outside Director | Selena Loh LaCroix |
| Outside Director | Arunjai Mittal |
| Outside Director | Noboru Yamamoto |
| Corporate Auditor (full-time) | Kazuki Fukuda |
| Outside Corporate Auditor | Kazuyoshi Yamazaki |
| Outside Corporate Auditor | Takeshi Sekine |
| Outside Corporate Auditor | Tomoko Mizuno |
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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