Idemitsu Kosan Co. Ltd. announced that the Board of Directors has decided to propose changes to the directors and the auditors, at a board meeting held on May 10, 2022. The company expects that this proposal will be approved at the 107th annual shareholders meeting scheduled to be convened on June 23, 2022.

The company announced the retirement of Takashi Matsushita as Representative Director, Executive Vice President, and retirement of Toshiyuki Tanida as Audit & Supervisory Board Member, and Kenji Yamagishi as Outside Audit & Supervisory Board Member. Effective Date is June 23, 2022.