Furukawa Electric : Notice of Transfer of Executives and New Duties

	March 7, 2024
Name of Company	Furukawa Electric Co., Ltd.
Name of Representative	Hideya Moridaira, President
(Code: 5801 Prime Market of the Tokyo Stock Exchange)
Contact	Hiroko Takita,

General Manager of Investor Relations Dept.

Finance & Accounting Division

(TEL. [phone])

Notice of Transfer of Executives and New Duties

At the meeting of the Board of Directors held on March 7, 2024, a decision was made on the transfer of executives and new duties, and a tentative decision was made on the transfer of several Directors. We hereby inform you of the details together with the revised organizational structure as of April 1, 2024.

1. As of March 31, 2024

(1) Retiring Corporate Vice Presidents

	Name	New Position (from April 1)	Current Position and Duties
	Akihiro	Director	Director, Corporate Senior Vice President
	Fukunaga		and General Manager of the Finance &
			Accounting Division
	Shigenobu	Advisor, Automotive Products Division	Corporate Senior Vice President, General
	Abe		Manager of the Automotive Products
		Division and President of Furukawa
			Automotive Systems Inc.
(2) Retiring Senior Fellow
	Name	New Position (from April 1)	Current Position and Duties
	Akihiko	―	Senior Fellow, Photonics Laboratories,
	Kasukawa		Research & Development Division
2. As of April 1, 2024
(1) New Corporate Vice Presidents
	Name	New Position and Duties	Current Position
	Takeshi	Corporate Vice President	General Manager, FITEL Products
	Ogamino	(Duties remain unchanged)	Division, Communications Solutions
			Division
	Akifumi	Corporate Vice President,	General Manager, Corporate Planning
	Nakajima	General Manager, MONOZUKURI	Department, Strategy Division
		Innovation Division
	Koji	Corporate Vice President,	General Manager, Finance & Accounting
	Aoshima	General Manager, Finance &	Department, Finance & Accounting
		Accounting Division	Division
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	Keiichi	Corporate Vice President,	President and CEO, American Furukawa,
	Nishimura	Deputy General Manager, Automotive	Inc.
		Products Division
	Hiroko	Corporate Vice President	General Manager, Investor Relations
	Takita	Department, Finance & Accounting
	(Duties remain unchanged)
		Division
	Kentaro	Corporate Vice President,	General Manager, Quality Promotion
	Sakamoto	President, Furukawa Automotive	Department, MONOZUKURI Innovation
		Systems Inc.	Division
(2) Promotions
	Name	New Position and Duties	Current Position and Duties
	Teruyoshi	Corporate Senior Vice President,	Corporate Vice President,
	Uchida	General Manager, Automotive Products	General Manager, MONOZUKURI
		Division	Innovation Division
	Eiichi	Corporate Senior Vice President,	Corporate Vice President,
	Nishimura	(Duties remain unchanged)	General Manager, Energy Infrastructure
			Division
(3) Change of Duties
	Name	New Position and Duties	Current Position and Duties
	Toru	Corporate Vice President,	Corporate Vice President,
	Fukushima	Deputy General Manager, Research &	General Manager, Sustainable Energy
		Development Division	Succession Project Team and Deputy
			General Manager, Research &
			Development Division
3. As of June 26, 2024
(1) Directors Scheduled to Retire
	Name	Position After Retirement	Position Before Retirement
	Akihiro	Advisor, Finance & Accounting Division	Director
	Fukunaga
	Osamu	―	Outside Director
	Tsukamoto
(2) Candidates for New Director
	Name	New Position and Duties	Position and Duties Prior to Nomination
	Koji	Director and Corporate Vice President	(Position through March 31)
	Aoshima	(Duties remain unchanged from the	General Manager, Finance & Accounting
		duties as of April 1)
		Department, Finance & Accounting
			Division
			(Position and Duties from April 1, 2024)
			Corporate Vice President,
			General Manager, Finance & Accounting
			Division
	Takeo	Outside Director	―
	Hoshino

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4. Organizational Revisions as of April 1, 2024

（1）The Sustainable Energy Succession Project Team reporting directly to the president will be reorganized under the Research & Development Division.

（2）Abolish the Corporate Management Department located within the Finance & Accounting Division.

（3）Transfer the Marketing Department located within the Global Marketing Sales Division to the Strategy Division.

（4）Within the Global Sales Marketing Division, merge the Planning & Administration Department and Business Promotion Department in the Planning & Administration Department to form the Planning & Administration Department.

（5）Rename the Business Strategy Department located within the Energy Infrastructure Division to the Business Strategy Office.

（6）Newly establish the Engineering Department within the Electronics Component Material Division.

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	Profiles of the Newly Appointed Corporate Vice Presidents
Takeshi Ogamino
Born June 15, 1963	60 years old	From Tokyo
1988	March	Completed graduate course in Metallurgical Engineering, Graduate
		School of Engineering, The University of Tokyo
1988	April	Joined Furukawa Electric Co., Ltd.
2013	April	General Manager, Industrial Laser Systems Department, FITEL
		Products Division
2014	July	General Manager, Industrial Laser Systems Department, Business
		Promotion Office, Strategy Division
2015	April	General Manager, Furukawa FITEL (Thailand) Co., Ltd.
2016	April	Managing Director, Furukawa FITEL (Thailand) Co., Ltd.
2020	November	Deputy General Manager, FITEL Products Division, Communications
		Solutions Division, Furukawa Electric Co., Ltd.
2022	April	General Manager, FITEL Products Division, Communications Solutions
		Division (Current position)

◆Reason for appointment

Takeshi Ogamino has been engaged in the FITEL products business for most of his career. He possesses extensive overseas experience, including in the United States and Thailand. While Managing Director of Furukawa TITEL (Thailand), he reformed the organizational culture and transformed the company into an R&D hub. From 2022, he has continued to lead the business as General Manager of the FITEL Products Division. In his new role, he is expected to advance the business strategy through leadership that increases the motivation of those around him.

Akifumi Nakajima
Born October 1, 1967	56 years old	From Hyogo Prefecture
1992	March	Completed Master's Degree Program in Mechanical Engineering, Graduate
		School of Science and Engineering, Kansai University
1992	April	Joined Furukawa Electric Co., Ltd.
2013	March	Deputy Director, MONOZUKURI Innovation Center, Production Technology
		Department
2015	May	Director, MONOZUKURI Innovation Center, Production Technology
		Department, Production Technology Division
2017	January	General Manager, Planning Department, Production Technology
		Department, Production Technology Division
2017	April	General Manager, Production Technology Planning Department,
		MONOZUKURI Innovation Division
2019	April	General Manager, Strategy Planning Office, Corporate Planning
		Department, Strategy Division
2020	April	General Manager, Corporate Planning Department, Strategy Division
		(Current position)

◆Reason for appointment

While building a career mainly in facility divisions, Akifumi Nakajima has been involved in the formulation and promotion of CAPEX strategies for the entire group, and he has played an integral role in increasing

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the accuracy of the CAPEX plans and the development of production processes and facility technology. Since 2020, as the General Manager of the Corporate Planning Department, he has greatly contributed to the formulation and execution of the 2022-2025Medium-term Management Plan "Road to Vision 2030 - Transform and Challenge". Leveraging his experience in formulating strategies covering the entire Furukawa Electric Group, he is expected to realize further advances in the group's monozukuri capabilities.

Koji Aoshima
Born March 4, 1969	55 years old	From Aichi Prefecture
1992	March	Graduated from the Faculty of Sociology, Kansai University
1992	April	Joined Furukawa Electric Co., Ltd.
2008	December	Manager, Internal Control Promotion Group, Management Department,
		CSR Promotion Division
2011	March	Manager, Accounting Group, Copper Foil Business Department, Metals
		Company
2013	June	Manager, Accounting Section 2, Corporate Accounting Department,
		Finance & Procurement Division
2013	November	Manager, Accounting Section, Corporate Accounting Department, Finance
		& Procurement Division
2018	April	General Manager, Corporate Accounting Department, Business
		Management Division, Furukawa Automotive Systems Inc.
2021	April	General Manager, Finance & Accounting Department, Finance and Global
		Management Division, Furukawa Electric Co., Ltd.
2022	April	General Manager, Finance & Accounting Department, Finance &
		Accounting Division (Current position)

◆Reason for appointment

During his career mainly in accounting divisions, Koji Aoshima has gained extensive knowledge and experience in accounting, and he played an integral role during the introduction of an internal control system (J-SOX) while involving a wide range of affiliated parties. Through his ability to accurately grasp the current status of the company, he is expected to realize further advancements to the company's finance strategy.

Keiichi Nishimura
Born April 12, 1969	54 years old	From Mie Prefecture
1992	March	Graduated from School of Law, Doshisha University
1992	April	Joined Furukawa Electric Co., Ltd.
2006	January	Deputy Managing Director and General Manager of the Finance
		Department,	Furukawa Electric (Shenzhen) Co., Ltd.
2009	October	Manager, Global Business Promotion Group, Global Business Promotion
		Office, Automotive Products Division, Electronics and Automotive Systems
		Company, Furukawa Electric Co., Ltd.
2012	April	Manager, Business Strategy Office (2Gr), Furukawa Automotive Systems
		Inc. and Manager, Business Strategy Office (2Gr), Automotive Products
		Division, Furukawa Electric Co., Ltd.
2015	July	General Manager, Business Strategy Office, Furukawa Automotive
		Systems Inc. and General Manager, Business Strategy Office, Automotive
		Products Division, Furukawa Electric Co., Ltd.
2019	December	General Manager, Corporate Management Department, Management
		Division, Furukawa Automotive Systems Inc.
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2021	January	General Manager, Corporate Planning Department, Management Division,
		Furukawa Automotive Systems Inc.
2021	November	President and CEO, American Furukawa, Inc. (Current position)

◆Reason for appointment

Since joining the company, Keiichi Nishimura has worked primarily at overseas businesses in the Automotive Products Division. During his career, he has greatly contributed to developing new businesses, establishing new overseas companies, withdrawing from unprofitable business and other aspects of business management. Leveraging his outstanding knowledge and experience in the automotive products business, he is expected to contribute to growing the business as Deputy General Manager of the Automotive Products Division.

Hiroko Takita
Born January 28, 1971	53 years old	From Fukushima Prefecture
1993	March	Graduated from Faculty of Letters, The University of Tokyo
1993	April	Joined Furukawa Electric Co., Ltd.
2012	April	Manager, Affiliate and Overseas Group, HR & General Affairs Division
2016	April	Manager, HR & General Affairs Section 2, Administration and CSR Division
2016	September	Manager, Group Global Management Promotion Office, Group Global
		Management Promotion Division
2017	October	Team Leader, Work Style Reform Project Team, Strategy Division
2019	May	Team Leader, Organization & Work Style Reform Team, Group Reform
		Division
2021	April	General Manager, HR & Organizational Development Department,
		Business Basis Transformation Division
2022	April	General Manager, HR & Organizational Development Department, Strategy
		Division
2023	July	General Manager, Investor Relations Department, Finance & Accounting
		Division (Current position)

◆Reason for appointment

During her career mainly in HR divisions, Hiroko Takita has contributed to the transformation of HR systems and establishment of the Shared Service Center. She has been a strong leader of projects related to diversity, work style reform and organizational transformation. She possesses experience in promoting companywide projects as the PMO of the IT infrastructure system in the Corporate Planning Office. She has been in her current position since 2023. While maintaining a comprehensive view of the entire company based on her extensive experience in companywide projects, she is expected to promote IR activities that will lead to increased corporate value.

Kentaro Sakamoto
Born August 17, 1968	55 years old	From Tokyo
1994	March	Completed graduate studies in Mechanical Engineering, Graduate School
		of Industrial Technology, Nihon University
1994	April	Joined Furukawa Electric Co., Ltd.
2000	October	Manager, Maintenance & Facility Department, Furukawa Mexico S.A. De
		C.V.
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2006	April	Manager, Electronic Component Production Technology Group,
		Manufacturing Department 2, Mie Electronics Works, Automotive Products
		Division, Electronics & Automotive Systems Company, Furukawa Electric
		Co., Ltd.
2007	October	Assistant Manager, Production Technology Group 1, Production
		Preparation Office, Functional Products Department, Production Division,
		Furukawa Automotive Systems Inc.
2009	April	Manager, Production Technology Group 1, Production Technology
		Department, Functional Products Department, Production Division,
		Furukawa Automotive Systems Inc.
2015	March	Managing Director, Furukawa Electric (Shenzhen) Co., Ltd.
2018	October	Managing Director, Furukawa Electric (Shenzhen) Co., Ltd. and Managing
		Director, Furukawa Automotive Systems Management (Shanghai) Co., Ltd.
2019	December	General Manager, Business Strategy Office, Furukawa Automotive
		Systems Inc. and General Manager, Business Strategy Office, Automotive
		Products Division, Electronics & Automotive Systems Division, Furukawa
		Electric Co., Ltd.
2021	January	General Manager, Next Generation MONOZUKURI Innovation Department,
		MONOZUKURI Innovation Division, Furukawa Automotive Systems Inc.
2021	March	General Manager, Next Generation Process Innovation Department,
		MONOZUKURI Innovation Division, Furukawa Automotive Systems Inc.
2021	April	Deputy General Manager, MONOZUKURI Innovation Division, Furukawa
		Automotive Systems Inc.
2022	April	General Manager, Quality Promotion Department, MONOZUKURI
		Innovation Division, Furukawa Electric Co., Ltd. (Current position)

◆Reason for appointment

Kentaro Sakamoto possesses extensive global work experience, including the construction of a factory in Mexico and as managing director of automotive products subsidiaries in China, and throughout his overseas career, he has successfully achieved business growth and profitability. Since 2022, he has promoted groupwide quality improvements as General Manager of the Quality Promotion Department in the MONOZUKURI Innovation Division. While the automotive industry undergoes a major transformation, as President of Furukawa Automotive Systems Inc., he is expected to realize growth through the creation of next generation product lineups, including in domains that combine information, energy and mobility.

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Profiles of the Newly Nominated Director Candidates

Koji Aoshima

As stated above

◆Reason for nomination

Along with serving in key positions within the Finance & Accounting Division during his long career in the Finance & Accounting Division, he possesses extensive hands-on experience in internal control. As a director, he is expected to contribute to further strengthening group governance within Furukawa Electric Group.

Takeo Hoshino
Born May 16, 1962	61 years old	From Tokyo
1987	March	Completed Master's Degree Program in Metal Materials Engineering,
		Graduate School of Engineering, The University of Tokyo
1987	April	Joined Ministry of International Trade and Industry (Presently Ministry of
		Economy, Trade and Industry)
2003	June	Officer, Policy Planning and Research Office, Personnel Division, Ministry of
		International Trade and Industry
2004	July	Assistant Manager of the San Francisco Office and Manager of the Business
		Innovation Center, Japan External Trade Organization
2007	July	Director for Electronic Devices, Commerce and Information Policy Bureau,
		Ministry of Economy, Trade and Industry
2009	July	Director, Technology Cooperation Division, Trade and Economic Cooperation
		Bureau, Ministry of Economy, Trade and Industry
2011	July	Director, Nonferrous Metals Division, Manufacturing Industries Bureau,
		Ministry of Economy, Trade and Industry
2012	July	Commissioner and Director-General for Information, National Institute of
		Technology and Evaluation
2013	February	Director for Nuclear Incident Recovery, Reconstruction Agency
2014	June	Director, Regional Economic and Industrial Policy Division, Regional
		Economic and Industrial Group, Ministry of Economy, Trade and Industry
2015	April	Deputy Director-General for Industrial Technology and Standards
		Certification, Ministry of Economy, Trade and Industry
2016	July	Deputy Director-General for Regional Economic and Industrial Policy, Ministry
		of Economy, Trade and Industry
		Deputy Director-General, Town/ People/ Work Revitalization Headquarters,
		Cabinet Secretariat
		Deputy Secretary General, Office for the Promotion of Regional Revitalization
		Cabinet Secretariat
2017	July	Deputy Director-General, Nuclear Incident Disaster Response, Ministry of
		Economy, Trade and Industry
2018	July	Retired from the Ministry of Economy, Trade and Industry
2018	November	Research Fellow, Department of Materials Engineering, Graduate School of
		Engineering, The University of Tokyo
2019	April	Project Professor, Department of Materials Engineering, Graduate School of
		Engineering, The University of Tokyo (Current position)
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2019	September	Deputy General Manager, Division of University Corporate Relations, The
2021	March	University of Tokyo
		Retired from this position

◆Reason for nomination

While serving as Deputy Director-General in the Ministry of Economy, Trade and Industry, Takeo Hoshino was responsible for an extremely broad range of industrial policy, including industrial technology policy, environmental measures, electronic devices and communications industry and response to the nuclear incident and tsunami. He possesses advanced knowledge and an extensive personal network. In particular, conducting climate friendly business activities while maintaining sustainable growth is an important issue for us as a company, and he is expected to contribute to robust discussions at the Board of Directors Meetings directed at solving this issue.

End of document

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