Panasonic Corporation : Panasonic Announces Proposed Senior Management Changes

Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic"), today announced the following changes of the members of the Board of Directors, Corporate Auditors and Executive Officers, effective April 1, 2012, and proposed changes of the members of the Board of Directors, and the Board of Corporate Auditors effective June 27, 2012. These proposed changes will be submitted for and subject to approval at the company's ordinary general meeting of shareholders to be held on June 27, 2012.

1. Members of the Board of Directors (Effective April 1)
Title		Name		Responsibilities
Chairman of the Board		Kunio Nakamura
Vice Chairman of the Board		Masayuki Matsushita
President		Fumio Ohtsubo
Executive Vice Presidents		Toshihiro Sakamoto		In charge of Global Consumer Marketing Sector
		Takahiro Mori		In charge of Planning
		Yasuo Katsura		Representative in Tokyo
Senior Managing Directors		Ken Morita
		Ikusaburo Kashima		In charge of Legal Affairs and Intellectual Property Director, Corporate Legal Affairs Division In charge of Corporate Risk Management, Corporate Information Security, Corporate Business Ethics, and Corporate International Affairs
		Yoshihiko Yamada		In charge of Industrial Devices Business
		Kazuhiro Tsuga
		Yoshiiku Miyata		Director, Global Consumer Marketing Sector In charge of Design
		Kazunori Takami**		President, Appliances Company
Managing Directors		Makoto Uenoyama		In charge of Accounting and Finance
		Masatoshi Harada		Representative in Kansai
		Takashi Toyama		President, Systems & Communications Company President, Panasonic System Networks Co., Ltd.
		Yoshiyuki Miyabe		In charge of Technology, New Business Strategy Office, and Panasonic Start-up Fund
		Yoshiaki Nakagawa		In charge of Human Resources, General Affairs, and Social Relations In charge of e-Work Promotion Office and Facility Management
Directors		Ikuo Uno
		Masayuki Oku
Honorary Chairman of the Board and Executive Advisor, Member of the Board		Masaharu Matsushita

Notes:		The Chairman of the Board of Directors, Vice Chairman of the Board of Directors, President, Executive Vice Presidents and Senior Managing Directors are Representative Directors and severally represent the company.
		Ikuo Uno and Masayuki Oku are outside directors of the company as stipulated in Article 2, Paragraph 15 of the Company Law of Japan.

2. Members of the Board of Corporate Auditors (Effective April 1)
Title		Name		Responsibilities
Senior Corporate Auditors		Masahiro Seyama
		Yoshihiro Furuta		Chairman, Panasonic Group Auditors Meeting
Corporate Auditors		Yasuo Yoshino
		Ikuo Hata
		Hiroyuki Takahashi

Note:		Yasuo Yoshino, Ikuo Hata and Hiroyuki Takahashi are outside corporate auditors.

3. Executive Officers (Effective April 1)
Title		Name		Responsibilities
Senior Managing Executive Officers		Shusaku Nagae		In charge of Solution Business President, Eco Solutions Company
		Seiichiro Sano		In charge of Special Task
		Takumi Kajisha**		In charge of Corporate Communications, Advertising, Corporate Citizenship, and CSR Office
Managing Executive Officers		Yutaka Takehana		Director, Corporate Division for Government & Public Affairs
		Toshiaki Kobayashi		President Director, Electronic Components and Materials Business Group Industrial Devices Company
		Yoshihisa Fukushima		In charge of Intellectual Property Director, Corporate Intellectual Property Division President, Intellectual Property Rights Operations Company
		Hideaki Kawai		General Manager, Corporate Planning Group
		Laurent Abadie		Regional Head for Europe & CIS Chairman & CEO, Panasonic Europe Ltd. Managing Director, Panasonic Marketing Europe GmbH
		Yorihisa Shiokawa		Regional Head for Asia, the Middle East & Africa Managing Director, Panasonic Asia Pacific Pte. Ltd.
		Jun Ishii**		In charge of Sales Company and Channel Strategy for Japan, Global Consumer Marketing Sector President, Panasonic Consumer Marketing Co., Ltd.
		Mamoru Yoshida**		President Director, Display Network Products Business Group AVC Networks Company
		Tsuyoshi Nomura**		In charge of Manufacturing Innovation Director, Corporate Manufacturing Innovation Division In charge of Advanced Production Systems Development Company, Quality Administration, FF Customer Support & Management, Environmental Affairs, Procurement, Logistics, and Motor Business Administration Office
Executive Officers		Joseph Taylor		Regional Head for North America Chairman & CEO, Panasonic Corporation of North America
		Toshiro Kisaka		In charge of Groupwide Cost Busters Project Project Manager, Groupwide Cost Busters Project Director, Corporate Procurement Division Director, Corporate Global Logistics Division
		Masato Tomita		Vice President In charge of Overseas Operations Eco Solutions Company
		Takeshi Uenoyama		In charge of Device Technology General Manager, Device Strategy Office In charge of Advanced Technology Research Laboratories Acting Director, The Nakao Laboratory
		Shiro Nishiguchi		Director, AVC Marketing Division, Global Consumer Marketing Sector
		Yoshiro Takemoto*		President, Manufacturing Solutions Company President, Panasonic Factory Solutions Co., Ltd.
		Kenji Yamane*		President, Healthcare Company President, Panasonic Healthcare Co., Ltd.
		Yoshio Ito		Senior Vice President Director, Display Devices Business Group AVC Networks Company
		Hidetoshi Osawa		Regional Head for China & Northeast Asia Chairman, Panasonic Corporation of China
		Yukio Nakashima		Director, Appliances Marketing Division, Global Consumer Marketing Sector
		Kuniaki Matsukage		Vice President Director, Lighting Business Group Eco Solutions Company
		Masato Ito		President, Energy Company President, SANYO Electric Co., Ltd.
		Yasutomo Fukui		In charge of Information Systems
		Katsuhiko Fujiwara		Senior Vice President Director, Air Conditioning and Cold Chain Business Group Appliances Company
		Masahisa Shibata		President, Automotive Systems Company
		Toshiyuki Takagi		Senior Vice President Director, Business Solutions Business Group AVC Networks Company
		Shiro Kitajima		President, Panasonic Consumer Marketing Company of North America, Panasonic Corporation of North America
		Machiko Miyai		Director, Corporate Environmental Affairs Division Director, Corporate Electricity Saving Division
		Masahiro Ido*		Vice President In charge of Planning Director, Customer Communication Center Eco Solutions Company
		Satoshi Takeyasu*		Vice President Director, Comprehensive Solutions Division Eco Solutions Company
		Takeo Endo*		Managing Director, Panasonic Consumer Marketing China, Panasonic Corporation of China

4.		Resignation and Appointments of the Members of the Board of Directors and Senior Corporate Auditor (Effective June 27)

Resignation:
Title		Name		Responsibilities
Chairman of the Board		Kunio Nakamura		To be appointed Executive Advisor
Executive Vice Presidents		Toshihiro Sakamoto		To be appointed Corporate Advisor
		Takahiro Mori		To be appointed Corporate Advisor
Senior Managing Directors		Ken Morita		To be appointed Corporate Advisor
Senior Managing Executive Officer		Seiichiro Sano
Managing Directors		Makoto Uenoyama		Retaining his position as Managing Executive Officer
		Masatoshi Harada		Retaining his position as Managing Executive Officer
Senior Corporate Auditor		Masahiro Seyama
Honorary Chairman of the Board and Executive Advisor, Member of the Board		Masaharu Matsushita		Honorary Chairman

Assignments:
Title		Name		Responsibilities (as of April 1)
Chairman of the Board		Fumio Ohtsubo**
President		Kazuhiro Tsuga**
Executive Vice President		Shusaku Nagae		Former: Senior Managing Executive Officer Current: In charge of Solution Business President, Eco Solutions Company
Managing Directors		Hideaki Kawai		Former: General Manager, Corporate Planning Group Current: Managing Executive Officer
		Mamoru Yoshida		Current: Managing Executive Officer President, and Director, Display Network Products Business Group, AVC Networks Company
Senior Corporate Auditor		Seiichiro Sano		Former: Senior Managing Executive Officer In charge of Special Task

5. Members of the Board of Directors (Effective June 27)
Title		Name		Responsibilities
Chairman of the Board		Fumio Ohtsubo**
Vice Chairman of the Board		Masayuki Matsushita
President		Kazuhiro Tsuga**
Executive Vice Presidents		Yasuo Katsura		Representative in Tokyo
		Shusaku Nagae* **		In charge of Solution Business President, Eco Solutions Company In charge of Corporate Division for Promoting Energy Solution Business
Senior Managing Directors		Ikusaburo Kashima		In charge of Legal Affairs and Intellectual Property Director, Corporate Legal Affairs Division In charge of Corporate Risk Management, Corporate Information Security, Corporate Business Ethics, and Corporate International Affairs
		Yoshihiko Yamada		In charge of Industrial Devices Business
		Yoshiiku Miyata		Director, Global Consumer Marketing Sector In charge of Design
		Kazunori Takami		President, Appliances Company
Managing Directors		Takashi Toyama		In charge of Planning General Manager, Corporate Planning Group In charge of Information Systems
		Hideaki Kawai*		In charge of Accounting and Finance
		Yoshiyuki Miyabe		In charge of Technology, New Business Strategy Office, and Panasonic Start-up Fund
		Yoshiaki Nakagawa		In charge of Human Resources, General Affairs, and Social Relations In charge of e-Work Promotion Office and Facility Management
		Mamoru Yoshida*		President Director, Display Network Products Business Group AVC Networks Company
Directors		Ikuo Uno
		Masayuki Oku

Notes:		The Chairman of the Board of Directors, Vice Chairman of the Board of Directors, President, Executive Vice Presidents and Senior Managing Directors are Representative Directors and severally represent the company.
		Ikuo Uno and Masayuki Oku are outside directors of the company as stipulated in Article 2, Paragraph 15 of the Company Law of Japan.

6. Members of the Board of Corporate Auditors (Effective June 27)
Title		Name		Responsibilities
Senior Corporate Auditors		Seiichiro Sano*
		Yoshihiro Furuta		Chairman, Panasonic Group Auditors Meeting
Corporate Auditors		Yasuo Yoshino
		Ikuo Hata***
		Hiroyuki Takahashi

Note:		Yasuo Yoshino, Ikuo Hata and Hiroyuki Takahashi are outside corporate auditors.
		* newly appointed
		** promoted
		*** reappointed

7. Executive Officers (Effective June 27)
Title		Name		Responsibilities
Senior Managing Executive Officers		Takumi Kajisha		In charge of Corporate Communications, Advertising, Corporate Citizenship, and CSR Office
Managing Executive Officers		Yutaka Takehana		Director, Corporate Division for Government & Public Affairs
		Makoto Uenoyama		Senior Vice President In charge of Administration Eco Solutions Company
		Toshiaki Kobayashi		President Director, Electronic Components and Materials Business Group Industrial Devices Company
		Masatoshi Harada		Representative in Kansai
		Yoshihisa Fukushima		In charge of Intellectual Property Director, Corporate Intellectual Property Division President, Intellectual Property Rights Operations Company
		Laurent Abadie		Regional Head for Europe & CIS Chairman & CEO, Panasonic Europe Ltd. Managing Director, Panasonic Marketing Europe GmbH
		Yorihisa Shiokawa		Regional Head for Asia, the Middle East & Africa Managing Director, Panasonic Asia Pacific Pte. Ltd.
		Jun Ishii		In charge of Sales Company and Channel Strategy for Japan, Global Consumer Marketing Sector President, Panasonic Consumer Marketing Co., Ltd.
		Tsuyoshi Nomura		In charge of Manufacturing Innovation Director, Corporate Manufacturing Innovation Division In charge of Advanced Production Systems Development Company, Quality Administration, FF Customer Support & Management, Environmental Affairs, Procurement, Logistics, and Motor Business Administration Office
Executive Officers		Joseph Taylor		Regional Head for North America Chairman & CEO, Panasonic Corporation of North America
		Toshiro Kisaka		In charge of Groupwide Cost Busters Project Project Manager, Groupwide Cost Busters Project Director, Corporate Procurement Division Director, Corporate Global Logistics Division
		Masato Tomita		Vice President In charge of Overseas Operations Eco Solutions Company
		Takeshi Uenoyama		In charge of Device Technology General Manager, Device Strategy Office In charge of Advanced Technology Research Laboratories Acting Director, The Nakao Laboratory
		Shiro Nishiguchi		Director, AVC Marketing Division, Global Consumer Marketing Sector
		Yoshiro Takemoto		President, Manufacturing Solutions Company President, Panasonic Factory Solutions Co., Ltd.
		Kenji Yamane		President, Healthcare Company President, Panasonic Healthcare Co., Ltd.
		Yoshio Ito		Senior Vice President Director, Display Devices Business Group AVC Networks Company
		Hidetoshi Osawa		Regional Head for China & Northeast Asia Chairman, Panasonic Corporation of China
		Yukio Nakashima		Director, Appliances Marketing Division, Global Consumer Marketing Sector
		Kuniaki Matsukage		Vice President Director, Lighting Business Group Eco Solutions Company
		Masato Ito		President, Energy Company President, SANYO Electric Co., Ltd.
		Yasutomo Fukui		In charge of Information Systems
		Katsuhiko Fujiwara		Senior Vice President Director, Air Conditioning and Cold Chain Business Group Appliances Company
		Masahisa Shibata		President, Automotive Systems Company
		Toshiyuki Takagi		President, Systems & Communications Company President, Panasonic System Networks Co., Ltd.
		Shiro Kitajima		President, Panasonic Consumer Marketing Company of North America, Panasonic Corporation of North America
		Machiko Miyai		Director, Corporate Environmental Affairs Division Director, Corporate Electricity Saving Division
		Masahiro Ido		Vice President In charge of Planning Director, Customer Communication Center Eco Solutions Company
		Satoshi Takeyasu		Vice President Director, Comprehensive Solutions Division Eco Solutions Company
		Takeo Endo		Managing Director, Panasonic Consumer Marketing China, Panasonic Corporation of China

About Panasonic
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 8.69 trillion yen (US$105 billion) for the year ended March 31, 2011. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/

Media Contacts:
Akira Kadota, [phone] (Japan)
Global Public Relations Office
or
Panasonic News Bureau (Japan)
Tel: [phone]
or
Jim Reilly, [phone] (U.S.)
or
Anne Guennewig, [phone] (Europe)
or
Investor Relations Contacts:
Haruhiko Sezaki, [phone] (Japan)
Investor Relations
or
Panasonic Finance (America), Inc.
Yuko Iwatsu, [phone] (U.S.)
or
Panasonic Finance (Europe) plc
Hiroko Carvell, [phone] (Europe)