Renesas Announces Changes in Representative Directors, Corporate Officers and Organizational Structure

22nd February 2013
Source: Renesas
Posted By : ES Admin
Renesas Announces Changes in Representative Directors, Corporate Officers and Organizational Structure
Renesas Electronics Corporation 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

##IMAGE_2_C##

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)

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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 Kitano

-Senior 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)

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(Newly Appointed Corporate Officers)

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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.



##IMAGE_6_C##

Note: Above Vice Presidents concurrently serve as Senior Vice Presidents.

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