Stanley Electric : Announcement of Change in the Structure of the Board of Directors and Change in Officers

March 7, 2022

Announcement of Change in the Structure of the Board of Directors and Change in Officers

Stanley Electric Co., Ltd.

Stanley Electric Co., Ltd. hereby announces informal changes in the appointment and positions of directors and officers as follows.

In order to strengthen the group's adaptability to changes in the business environment and to boost its competitive edge, we have newly established the Operating Officer position, which is a higher rank than the existing general manager. Operating Officer, who serve as leaders to mainly supervise their departments and functions and have the authority and responsibilities equivalent to Executive Officers, will lead efforts for achieving goals focusing on their expertise on mid- to long-term strategic themes. This position is also intended to select and train personnel who have the potential to be management candidates in the future. We will enhance our organizational strength by further developing human resources and placing the right people in the right jobs to create value that contributes to the realization of a safe and secure society more than ever.

1. Director

Re-appointed directors and new director candidates

Name	Appointment and Position as of the ordinary general meeting of shareholders in June 2022	Appointment and Position as of April 1, 2022	Current Appointment and Position
Yasuaki Kaizumi	President and Representative Director Chief Engineering Officer	President and Representative Director Chief Engineering Officer	Managing Director Chief Engineering Officer Chief Environment Officer Chief Information System Officer Chief American Business Officer
Toru Tanabe	Vice President and Representative Director Chief Quality Assurance Officer Chief Human Resources & General Affairs Officer Chief Asian & Oceanian Business Officer	Vice President and Representative Director Chief Quality Assurance Officer Chief Human Resources & General Affairs Officer Chief Asian & Oceanian Business Officer	Representative Senior Managing Director Chief Human Resources & General Affairs Officer Chief Asian & Oceanian Business Officer
Keisuke Ueda	Managing Director Chief Financial Officer Chief Accounting Officer Chief European Business Officer	Managing Director Chief Financial Officer Chief Accounting Officer Chief European Business Officer	Director Chief Financial Officer Chief Accounting Officer Chief European Business Officer
Tatsuaki Tomeoka	Director Chief Purchasing Officer Cost Competitiveness Officer Chief Chinese Business Officer	Director Chief Purchasing Officer Cost Competitiveness Officer	Director Chief Quality Assurance Officer Chief Manufacturing Officer Chief Purchasing Officer Chief Domestic Subsidiary Officer
Satoshi Oki	Director Chief Manufacturing Officer Chief Compliance Officer Chief SNAP Officer Chief Domestic Subsidiary Officer	Executive Officer Chief Manufacturing Officer Chief Compliance Officer Chief SNAP Officer Chief Domestic Subsidiary Officer	Executive Officer Executive General Manager, Automotive Division III
Kazuki Takano	Director Chief Sales Officer Chief American Business Officer	Executive Officer Chief Sales Officer Chief Particular Customer Officer Chief American Business Officer	Executive Officer Executive General Manager, Automotive Division I Chief Particular Customer Officer
Masakatsu Mori	Outside Director (part-time)	Outside Director (part-time)	Outside Director (part-time)
Hirokazu Kono	Outside Director (part-time)	Outside Director (part-time)	Outside Director (part-time)
Yozo Takeda	Outside Director (part-time)	Outside Director (part-time)	Outside Director (part-time)
Satoko Suzuki	Outside Director (part-time)	(Associate Professor, Hitotsubashi University Business School School of International Corporate Strategy)	(Associate Professor, Hitotsubashi University Business School School of International Corporate Strategy)

Directors to be resigned

Name	Appointment and Position as of the ordinary general meeting of shareholders in June 2022	Appointment and Position as of April 1, 2022	Present Appointment and Position
Yutaka Hiratsuka	Advisor	Director	President and Representative Director
Mitsuhiro Yoneya	Trustee Corporate Branding Officer	Director Corporate Branding Officer Chief Chinese Business Officer	Director Chief Sales Officer Chief Compliance Officer Chief Chinese Business Officer

2. Executive Officer

Name	Appointment and Position as of April 1, 2022	Current Appointment and Position
Yoshitsugu Matsushita	Executive Officer Executive General Manager Motorcycle Division	Executive Officer Executive General Manager Motorcycle Division Asian & Oceanian Business Officer
Tomohiro Ota	Executive Officer Executive General Manager, Purchasing Control Division Large Project Leader, Cost Reduction Project, Purchasing Control Division	Executive Officer Executive General Manager, Integrated Components Division General Manager, Sales Section II, Integrated Components Division
Masahiro Sagae	Executive Officer Executive General Manager, Electronic Sales Control Division	Executive Officer Sales of Electronic Products
Toshie Endo	Executive Officer Executive General Manager, Business Management Control Division	Executive Officer Business Management Officer
Takaaki Kitano	Executive Officer President, Stanley Electric U. S. Co., Inc.	Executive Officer Chief SNAP Officer President, Stanley Electric U. S. Co., Inc.
Mitsuaki Misugi	Executive Officer Executive General Manager, Optoelectronic Device Division	Executive Officer Executive General Manager, Optoelectronic Device Division
Tetsuya Hojo	Executive Officer Executive General Manager, Automotive Division II	Executive Officer Executive General Manager, Automotive Division II Large Project Leader, Value Creation Project
Masahiro Yasutake	Executive Officer Executive General Manager, R&D Control Division Light Sources Group Manager, R&D Control Division	Executive Officer Chief Research & Development Officer Light Sources Group Manager, Research & Development Center
Ikuo Kuwata	Executive Officer Executive General Manager, Accounting & Finance Control Division	Executive Officer In charge of Accounting & Finance
Isofumi Fukumoto	Executive Officer Executive General Manager, Corporate Planning Division	Executive Officer Executive General Manager, Global Operations General Manager of Global Operations
Masao Endo	Executive Officer Executive General Manager, Engineering Technology Control Division Large Project Leader, Value Creation Project	Executive Director Chief Automotive Technology Officer General Manager of Lamp System Development

3. Operating Officer

Name	Appointment and Position as of April 1, 2022	Currrent Appointment and Position
Shinichiro Kojima	Operating Executive Executive General Manager, Automotive Sales Control Division General Manager of Sales Strategy Department, Automotive Sales Control Division	EVP,I I Stanley Co., Inc.
Ken Sasakura	Operating Executive Deputy Executive General Manager, R&D Control Division General Manager of D2P, R&D Control Division	Operating Officer Chief Electronic Device Technology Officer D2P Group Manager, Design Technology Center
Norihisa Sato	Operating Executive Executive General Manager, Production Control Division	Operating Officer Chief Quality Assurance Officer Chief Manufacturing Officer
Yusuke Iwase	Operating Executive Executive General Manager, Lighting Application Division	Operating Officer Executive General Manager, Lighting Application Division
Keisuke Fukunaga	Operating Executive Executive General Manager, Display Device Division	Operating Officer Executive General Manager, Display Device Division
Naofumi Oshima	Operating Executive Executive General Manager, Accessory & Device Division	Operating Officer Executive General Manager, Accessory & Device Division General Manager of Engineering Department I, Accessory & Device Division
Hiroyasu Shioda	Operating Executive Executive General Manager, UV Division	Large Project Leader, UV business Advancement Project Sales Group Manager, UV Business Advancement Project
Tatsuya Suzuki	Operating Executive Executive General Manager, Automotive Division III	General Manager of Hatano Satellite Department, Automotive Division III
Shigeru Kawasumi	Operating Executive Executive General Manager, Integrated Components Division	President, Asian Stanley International Co., Ltd.
Masahiko Akimoto	Operating Executive Executive General Manager, Automotive Division I	President, Wuhan Stanley Electric Co., Ltd.
Hiroyuki Oshita	Operating Executive Deputy Executive General Manager, Engineering Technology Control Division Project Leader, Value Creation Project	Electronic Engineering Group Manager, Engineering Technology Center
Ken Takatori	Operating Executive Executive General manager, Quality Assurance Control Division	General Manager of Quality Assurance Department

Stanley Electric Co., Ltd.

Corporate Planning Office, Corporate Planning Department Contact: Hamaya

2-9-13 Nakameguro, Meguro-ku, Tokyo 153-8636 E-Mail:[e-mail]

End of announcement