Elecom Co., Ltd. announced that its Board of Directors, upon discussion of the Nomination and Remuneration Committee, has approved the following change in the Company's representative director and president. The decision hence authorized shall take effect on March 1, 2024. From March 1, 2024 until the June 2024 Annual General Meeting of Shareholders: Yukio Shibata's current position is President and representative director (COO) and new position will be Director and co-president.

Koichi Iwami's current position is Vice president and executive officer and new position will be Co-president and executive officer (COO). Yukio Shibata will step down from his post at the Company's Annual General Meeting of Shareholders scheduled for June 2024 and assume the position of special advisor.