Fuji Electric : Announcement Regarding Changes to the Management of Fuji Electric Co., Ltd. to be Proposed at the Company’s Ordinary General Meeting of Shareholders
March 26, 2020 at 12:38 am EDT
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News Release
March 26, 2020
Fuji Electric Co., Ltd.
March 26, 2020, Tokyo - Fuji Electric Co., Ltd. (TSE:6504) announced its decision today to put forward candidates for the positions of directors and auditors following a meeting of its Board of Directors held on March 26, 2020 based on the recommendations of the Fuji Electric's Nomination and Remuneration Committee. Brief details are as follows:
The appointment of candidate directors and auditors is subject to approval by the Board of Directors at a meeting to be held following the Company's Ordinary General Meeting of Shareholders scheduled for the end of June 2020.
1. Directors
President and Chairman of the Board of Directors
Michihiro Kitazawa
(Reappointed)
Representative Director
Kenzo Sugai
(Reappointed)
Outside Director
Toshihito Tamba
(Reappointed)
Outside Director
Naoomi Tachikawa
(Reappointed)
Outside Director
Yoshitsugu Hayashi
(Reappointed)
Director
Michio Abe
(Reappointed)
Director
Masatsugu Tomotaka
(Reappointed)
Director
Junichi Arai
(Reappointed)
2. Auditors
Not re-elected and Reappointed, Newly appointed Auditors
* [Square brackets] indicate current positions.
Standing Auditor
Yoshio Okuno
(Not re-elected)
Standing Auditor
Junichi Matsumoto
(Reappointed)
Outside Auditor
Tetsuo Hiramatsu
(Reappointed)
Outside Auditor
Hirohiko Takaoka
(Newly appointed)
Outside Auditor
Yuko Katsuta
(Newly appointed)
[Lawyer, Natori Law Office]
Resigning Auditor
Outside Auditor
Yoshiki Sato
Outside Auditor
Akiko Kimura
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Fuji Electric Co. Ltd. published this content on 26 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2020 04:37:08 UTC
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
Fuji Electric : Announcement Regarding Changes to the Management of Fuji Electric Co., Ltd. to be Proposed at the Company’s Ordinary General Meeting of Shareholders