MODEC : Management Change - Executive Officers

March 17, 2022

MODEC, Inc.

Takeshi Kanamori, President & CEO

Code: TSE 6269

Contact: Corporate Planning & Strategies Dept.

TEL: [phone]

Management Change - Executive Officers

At its Board of Directors Meeting held on March 17, 2022, MODEC, Inc. decided on a plan for change in its Executive Officers effective as of April 1, 2022.

Newly Appointed Executive Officers

	Name			New Title	Current Title
	Mitsuru Sato		Executive Officer	Deputy Director; General Manager of
					Lease Business Dept.
	Koichi Matsumiya		Executive Officer;	Deputy Director; General Manager of
			Chief Technical Officer	Engineering Dept.
Executive Officers (Effective as of April 1, 2022)
	Takeshi Kanamori *		President & Chief Executive Officer
	Yasuhiro Takano *		Executive Managing Officer
	Katsuyuki Imaizumi *	Executive Managing Officer
	Minoru Sawada		Executive Managing Officer
	Ryo Suzuki		Executive Officer
	Osamu Toriumi		Executive Officer
	Soichi Ide		Executive Officer
	Brent Konstanzer		Executive Officer
	Mitsuru Sato		Executive Officer
	Koichi Matsumiya		Executive Officer

*Concurrently assuming the position of Director. The appointment is subject to the approval at the Annual General Meeting of the Shareholders to be held on March 29, 2022.