Seiko Epson : Epson Announces Change of Representative Director and Appointment of New President
January 31, 2020 at 05:20 am EST
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News Release
- TOKYO, Japan, January 31, 2020 -
Seiko Epson Corporation (TSE: 6724, 'Epson') today announced that a meeting of its board of directors had approved a change of representative director and the appointment of a new president.
1. Details of change
Name
New position
Previous position
Minoru Usui
Director, Chairman
President and Representative Director
Yasunori Ogawa
President and Representative Director
Director, Managing Executive Officer
2. Brief career history of new president
Name
Yasunori Ogawa
Date of birth
April 11, 1962
Place of birth
Aichi Prefecture, Japan
Education
Master's Degree from the School of Engineering, Tohoku University Graduate School
Brief career history
April 1988
Joined Seiko Epson Corporation
April 2017
Appointed Chief Operating Officer, Visual Products Operations Division
June 2017
Appointed Executive Officer
June 2018
Appointed Director, Executive Officer
October 2018
Appointed General Administrative Manager, Technology Development Division (current position)
June 2019
Appointed Director, Managing Executive Officer (current position)
Appointed Chief Operating Officer, Wearable Products & Industrial Solutions Operations Segment (current position)
Number of Epson shares held
13,000 (as of December 31, 2019)
3. Reasons for change
In March 2019, Epson established its Phase 2 Mid-Range Business Plan aimed at achieving its Epson 25 Corporate Vision. By focusing on priority areas, we aim to respond to changes in the business environment and societal needs, and transition to a business capable of generating high profits.
In the fiscal year ending March 2019, we implemented reforms aimed at strengthening our business structure. In a tough business situation, we have promoted collaboration with partners and open innovation, and have developed and launched original products and services aimed at ensuring future growth.
Going forward we expect significant and ongoing changes to our business environment. Under the leadership and new perspective of Mr. Ogawa we will respond flexibly and rapidly to changes as we seek to improve our corporate value over the medium- and long terms.
4. Date of appointment
April 1, 2020
About Epson
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than US$10 billion.
global.epson.com/
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Seiko Epson Corporation published this content on 31 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2020 10:19:02 UTC
Seiko Epson Corporation specializes in the design, manufacturing and marketing of printing, visual communication and watchmaking equipment and systems, and industrial devices. Net sales break down by family of products as follows:
- printing equipment (71%): printers, scanners, copiers, digital presses, fax machines, ticket printers, labellers, etc. for businesses and individuals. The group also offers consumables (ink cartridges, toners, ribbons, etc.);
- visual communication systems (14.2%): multimedia projectors, smart glasses, LCD displays, etc. ;
- watches and industrial products (14.1%): electronic and mechanical watches, wristwatches, chronometers, optoelectronic devices, precision machine tools, robotic systems, mechatronic products, micro-devices, etc.
- other (0.7%).
At the end of March 2021, Seiko Epson operated 27 production sites worldwide.
Net sales are distributed geographically as follows: Japan (22.3%), the United States (21%), China (14.5%) and other (42.2%).
SEIKO EPSON CORPORATION 
