Chugai Pharmaceutical Co., Ltd. announced that, based on the recommendation of the Appointment Committee, the Company resolved at the Board of Directors Meeting held to appoint Osamu Okuda, currently Representative Director, President and Chief Operating Officer (COO), as Chief Executive Officer (CEO) as of March 23, 2021. Under the new management structure, Tatsuro Kosaka will continue to chair the board in his capacity as Representative Director and Chairman. Dr. Osamu Okuda will bear the role and responsibilities for decision- making over company-wide strategies and the execution of operations in his capacity as Representative Director, President and CEO.