Sanden Holdings Corporation announced at its board meeting held on April 5, 2018, the board approved the appointments of Tsutomu Sakakibara to Representative Director & Executive Vice President from Director & Vice President - Responsible areas: Management system, Corporate governance, Administration, Human resources, Katsuya Nishi to Representative Director & Executive Vice President from Director & Vice President - Responsible areas: Planning, Finance, Accounting, Management control, R&D and Production Strategy and Mitsugi Takahashi to Director & Chairman from Representative Director & Chairman. The company appointed Kin-ei Kanda as Representative Director &President, Mark Ulfig as Director & Executive Vice President - Responsible areas: Global compliance Representative of Sanden International (U.S.A.) Inc., Mitsunori Kodaka as Director & Senior Executive Managing Officer - Responsible areas: R&D, Production, MPS, Quality Division General Manager, R&D and Production Division, Ryuhei Ushikubo as Director & Executive Managing Officer - Responsible areas: ICT Management, Tsuguo Ito as Senior Executive Managing Officer - Responsible areas: Head of Global Compressor Business President of Sanden Automotive Components Corporation, Tadashi Kondo as Senior Executive Managing Officer - Responsible areas: Head of Global Air-conditioning Systems Business President of Sanden Automotive Climate Systems Corporation, Takao Kaihatsu as Senior Executive Managing Officer - Responsible areas: In charge of GUNMA area, Akihiro Yamato as Executive Managing Officer - Responsible areas: Head of STQM Global Center, Takashi Kageyama as Executive Managing Officer - Responsible areas: Regional Managing Director, China, Masuya Mori as Executive Managing Officer - Responsible areas: Head of Global Retail Systems Business President of Sanden Retail Systems Corporation, Shinji Maruyama as Managing Officer - Responsible areas: Division General Manager, Administration and Human Resources Division, Hiroshi Takahashi as Managing Officer - Responsible areas: Head of Akagi Plant Leader of Production Process Standardization Project, Takashi Shimomura as Managing Officer - Responsible areas: Division General Manager, Finance Division, Yuri Tsuji as Managing Officer - Responsible areas: Division General Manager, IT Division, Yoshihiro Tachikawa as Managing Officer - Responsible areas: Head of Yattajima Plant In charge of Production, R&D and Production Division, Hideyuki Kobayashi as Managing Officer - Responsible areas: Division General Manager, Corporate Planning Office, Hiroki Terao as Managing Officer - Responsible areas: Division General Manager, Legal Division, Toru Akima as Managing Officer - Responsible areas: Division General Manager, Accounting Division and Junya Takahashi as Managing Officer - Responsible areas: Division General Manager, Corporate Management Division. Director & Executive Managing Officer Ryuhei Ushikubo is scheduled to retire from the position of Director at the conclusion of the ordinary general meeting of shareholders held on June 21, 2018, followed to immediate release 'announcement of New Management Structure of Board of Directors', February 8, 2018. Senior Executive Managing Officer Tsuguo Ito is scheduled to assume the position of Director upon approval of the ordinary general meeting of shareholders held on June 21, 2018, followed to immediate release 'announcement of New Management Structure of Board of Directors', February 8, 2018. In June 2016, Tsutomu Sakakibara is Director & Executive Vice President Management system, Corporate governance. In April 2018 he is Representative Director & Executive Vice President Management system, Corporate governance, Administration, Human resources (present). In June 2016, Katsuya Nishi is Director & Executive Vice President Planning, Finance, Accounting, Management control. In April 2018 he is Representative Director & Executive Vice President Planning, Finance, Accounting, Management control, R&D and Production Strategy (present). All the changes are effective April 5, 2018.