Itochu : Changes in Assignment of Members of the Board and Audit & Supervisory Board Members

January 19, 2022	This document is an English translation
	of a statement written originally in Japanese.
	The Japanese original should be considered
	as the primary version.

ITOCHU Corporation

(Code No. 8001, Tokyo Stock Exchange, First Section)

Representative Director and President and Chief Operating Officer: Keita Ishii

Contact: Suguru Amano

General Manager, Investor Relations Division (TEL. [phone])

Changes in Assignment of Members of the Board and Audit & Supervisory Board Members

ITOCHU Corporation has resolved the following changes at its Board of Directors' meeting held on January 19, 2022.

1. Reason for Changes

Due to further strengthen our management structure.

2. Changes in Members of the Board	* Indicates a Representative Director
Retiring of Members of the Board
Yoshihisa Suzuki	Vice Chairman	Member of the Board
		Vice Chairman
Tomofumi Yoshida	Advisory Member	Member of the Board*
		Executive Vice President
Yuji Fukuda	Advisory Member	Member of the Board*
		Executive Vice President
Newly Appointed Candidates for Member of the Board
	Meeting of Shareholders in June 2022>
Hiroyuki Tsubai	Member of the Board*	Managing Executive Officer
	Senior Managing Executive Officer
Hiroyuki Naka	Member of the Board*	Executive Officer
	Executive Officer

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3. Changes in Audit & Supervisory Board Members Retiring of Audit & Supervisory Board Member

	Meeting of Shareholders in June 2022>
Shuzaburo Tsuchihashi	Advisory Member	Audit & Supervisory Board Member
Newly Appointed Candidate for Audit & Supervisory Board Member
	Meeting of Shareholders in June 2022>
Mitsuru Ike（Chino）	Audit & Supervisory Board Member	Managing Executive Officer

･Curriculum Vitae of new Members of the Board, new Audit & Supervisory Board Member

･Changes in Members of the Board, Audit & Supervisory Board Members and Executive Officers

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January 19, 2022

ITOCHU Corporation

Changes in Members of the Board, Audit & Supervisory Board Members and Executive Officers

1. Retiring of Members of the Board

			Indicates a Representative Director
			3 persons (As of March 31, 2022)
Name	As of April 1, 2022		Current
			Member of the Board
Yoshihisa Suzuki	Vice Chairman		Vice Chairman
			Member of the Board䚷*
Tomofumi Yoshida	Advisory Member		Executive Vice President
			Member of the Board䚷*
Yuji Fukuda	Advisory Member		Executive Vice President
2. Retiring of Executive Officers
			Indicates a Representative Director
			8 persons (As of March 31, 2022)
Name	As of April 1, 2022		Current
			Member of the Board䚷*
Tomofumi Yoshida	Advisory Member		Executive Vice President
			Member of the Board䚷*
Yuji Fukuda	Advisory Member		Executive Vice President
Toshikazu Otani	Advisory Member		Managing Executive Officer
Hisato Okubo	Advisory Member		Executive Officer
Hidefumi Mizutani	Advisory Member		Executive Officer
Shinjiro Tanaka	Advisory Member		Executive Officer
Tatsuo Odani	Advisory Member		Executive Officer
Masazumi Nishikage	Advisory Member		Executive Officer
3. Retiring of Executive Officer
		1 person (As of the date of the Ordinary General Meeting of Shareholders in June 2022)
Name	As of the date of the Ordinary General Meeting of Shareholders	Current
in June 2022
Mitsuru Ike (Chino)	Audit & Supervisory Board Member		Managing Executive Officer

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4. Newly Appointed Executive Officers

7 persons (As of April 1, 2022)

Name	Current
Executive Officer	Chief Operating Officer, Brand Marketing Division 1;
Yoshinori Kitajima	General Manager, Brand Marketing Department 2
Executive Officer	General Manager, Secretariat
Tomokuni Nishiguchi
Executive Officer	Deputy CFO;
Kazuaki Yamaguchi	General Manager, General Accounting Control Division
Executive Officer	Chief Operating Officer, Chemicals Division;
Nobuyuki Tabata	General Manager, Plastics Department
Executive Officer	Chief Operating Officer, Plant Project, Marine & Aerospace Division
Naohiko Yoshikawa
Executive Officer	Director, President & CEO, Alta Forest Products LLC;
Kotaro Yamamoto	General Products & Realty Division, ITOCHU International Inc.
Executive Officer	General Manager, Planning & Administration Department, Food Company;
Kuniaki Abe	CP & CITIC Business Development Department

5. Reappointment, Promotion(1 person), and Changes in Assignment(6 persons) of Executive Officers

Promoted Executive Officer

Of the 31 current Executive Officers, all 23 Executive Officers excluding the 8 retiring Executive Officers (See "2. Retiring of Executive Officers" ) will be reappointed as Executive Officers.

[Promotion and Changes in Assignment of Executive Officers]

Name	As of April 1, 2022	Current
Hiroyuki Tsubai *	Senior Managing Executive Officer	Managing Executive Officer
	President, Machinery Company	President, Machinery Company
Masaya Tanaka	Executive Officer	Executive Officer
	President, Energy & Chemicals Company	President, Energy & Chemicals Company;
		Chief Operating Officer, Power & Environmental Solution Division
Hiroyuki Naka	Executive Officer	Executive Officer
	CSO;	CDO䞉CIO;
	CDO䞉CIO;	General Manager, Corporate Planning & Administration Division;
	General Manager, Corporate Planning & Administration Division;	General Manager, CP & CITIC Business Development Department
	General Manager, CP & CITIC Business Development Department
Masatoshi Maki	Executive Officer	Executive Officer
	President, General Products & Realty Company	Chief Operating Officer, Construction & Real Estate Division
Akira Saito	Executive Officer	Executive Officer
	CEO for East Asia Bloc	General Manager, Legal Division
Kazuaki Yamaguchi	Executive Officer	Deputy CFO;
	General Manager, General Accounting Control Division	General Manager, General Accounting Control Division
Nobuyuki Tabata	Executive Officer	Chief Operating Officer, Chemicals Division;
	Chief Operating Officer, Chemicals Division	General Manager, Plastics Department

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6. Change in Assignment(1 person) of Executive Officer

	1 person (As of the date of the Ordinary General Meeting of Shareholders in June 2022)
Name	As of the date of the Ordinary General Meeting of Shareholders	Current
in June 2022
Tadayoshi Yamaguchi	Executive Officer	Executive Officer
	President & CEO, ITOCHU International Inc.	SVP & CAO, ITOCHU International Inc.;
		President & CEO, ITOCHU Canada Ltd.
7. Newly Appointed Junior Executive Officers
	4 persons (As of April 1, 2022)
Name	Current
Manabu Igarashi	General Manager, IT & Digital Strategy Division
Yuusuke Takasaka	Deputy Chief Operating Officer,
	Construction & Real Estate Division
Jun Inomata	Chief Operating Officer,
	Metal & Mineral Resources Division
Hidenari Sato	Chief Operating Officer,
	Food Products Marketing & Distribution Division
8. Newly Appointed Candidates for Member of the Board
		Indicates a Representative Director
	2 persons (As of the date of the Ordinary General Meeting of Shareholders in June 2022)
Name	As of the date of the Ordinary General Meeting of Shareholders	Current
in June 2022
Hiroyuki Tsubai	Member of the Board䚷*	Managing Executive Officer
	Senior Managing Executive Officer	President, Machinery Company
	President, Machinery Company
Hiroyuki Naka	Member of the Board䚷*㼫	Executive Officer
	Executive Officer	CDO䞉CIO;
	CSO;	General Manager, Corporate Planning & Administration Division;
	CDO䞉CIO;	General Manager, CP & CITIC Business Development Department
	General Manager, Corporate Planning & Administration Division;
	General Manager, CP & CITIC Business Development Department
9. Retiring of Audit & Supervisory Board Member
	1 person (As of the date of the Ordinary General Meeting of Shareholders in June 2022)
Name	As of the date of the Ordinary General Meeting of Shareholders	Current
in June 2022
Shuzaburo Tsuchihashi	Advisory Member	Audit & Supervisory Board Member

10. Newly Appointed Candidate for Audit & Supervisory Board Member

1 person (As of the date of the Ordinary General Meeting of Shareholders in June 2022)

Name	As of the date of the Ordinary General Meeting of Shareholders	Current
in June 2022
Mitsuru Ike (Chino)	Audit & Supervisory Board Member	Managing Executive Officer,
		President & CEO, ITOCHU International Inc.

CEO : Chief Executive Officer COO : Chief Operating Officer CSO : Chief Strategy Officer

CAO : Chief Administrative Officer CFO : Chief Financial Officer CDO䡡CIO : Chief Digital & Information Officer

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