OKI Announces Executive Personnel Changes
TOKYO, May 28, 2008 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced that at its meeting today, the Board of Directors made its recommendation for executive appointments and retirements, which will be effective June 27, 2008.
1. Newly promoted director
- <Name>
- <Newly promoted title (current title)>
- Naoki Sato
- Representative Director and Senior Executive Vice President
(Representative Director and Executive Vice President)
2. Candidate of new directors (To be submitted for approval at the Ordinary General Meeting of Shareholders to be held on June 27, 2008)
- <Name>
- <Newly appointed title (current title)>
- Masao Miyashita
- Managing Director
(Senior Vice President, Head of Information System Business Group, Systems Network Group, General Manager, Marketing Promotion Division) - Yutaka Asai
- Managing Director (Senior Vice President, CTO)
Reference: Managing Directors will be appointed at the board meeting after the Ordinary General Meeting of Shareholders to be held on June 27, 2008)
3. Candidate of new auditors (To be submitted for approval at the Ordinary General Meeting of Shareholders to be held on June 27, 2008)
- <Name>
- <Newly appointed title (current title)>
- Noriyuki Kandori
- Standing auditor (Adviser, Sompo Japan Insurance Inc.)
- Seiji Nishi
- Auditor (Director, Meiji Yasuda General Insurance Co, Ltd.)
Reference: Managing Directors will be appointed at the board meeting after the Ordinary General Meeting of Shareholders to be held on June 27, 2008)
4. Retiring Directors (To be submitted for approval at the Ordinary General Meeting of Shareholders to be held on June 27, 2008)
- <Name>
- <current title>
- Kazuo Tanaka
- Director and Executive Officer, Oki Electric Industry Co., Ltd.
- Mikihiko Maeno
- Director, Oki Electric Industry Co., Ltd.
Adviser, Oki Data Corp.
<Reference> Title after retirement
- Kazuo Tanaka
- Adviser, Oki Electric Industry Co., Ltd.
- Mikihiko Maeno
- Adviser, Oki Data Corp.
5. Retiring auditors
- Hiroyuki Katagiri
- (Standing auditor)
- Ieji Yoshioka
- (Auditor)
6. Brief biography of newly promoted director
Naoki Sato
- Date of birth
- October 27, 1948 (59 years old)
- Raised in
- Miyagi Prefecture, Japan
- Education
- March 1972 Graduated from the Faculty of Economics,Tohoku University
- Business career
- April 2007 Appointed Senior Managing Director and Executive Vice President, Oki Electric Industry Co, Ltd. (Current)
June 2004 Appointed Managing Director at OKI
April 2004 Appointed Senior Vice President, Oki Electric Industry Co, Ltd.
April 2002 Appointed Managing Executive Officer, Mizuho Corporate Bank Ltd.
June 2001 Appointed Executive Officer and Senior Manager, Sales Division 5, Fuji Bank Ltd.
May 1999 Senior Manager, Sales Division 5, Fuji Bank Ltd.
April 1972 Joined Fuji Bank Ltd.
7. Brief biography of new candidate directors
Masao Miyashita
- Date of birth
- December 23, 1949 (58 years old)
- Raised in
- Nagano Prefecture, Japan
- Education
- March 1973 Graduated from the Faculty of Business and Commerce,Keio University
- Business career at OKI
- April 2008 Appointed Head of Information System Business Group, Systems Network Group and General Manager of Marketing Promotion Division(Current)
April 2007 Appointed Senior Vice President (Current)
President, Systems Solutions Company (Current)
April 2005 Appointed Senior Operating Officer, Systems Network Group and President, Network Systems Company
April 2004 Appointed Executive Officer
Oct. 2002 Appointed Vice President of Network Systems Company and General Manager of Mega Carrier Business
April 1973 Joined Oki Electric Industry Co., Ltd.
Yutaka Asai
- Date of birth
- September 10, 1949 (58 years old)
- Raised in
- Kumamoto Prefecture, Japan
- Education
- March 1973 Graduated from the School of Engineering Science,Osaka University
- Business career at OKI
- April 2008 Appointed Senior Vice President and CTO (current)
April 2007 Appointed General Manager of Global Business Promotion Division
Oct. 2002 Appointed President of IP Solutions Company
April 2002 Appointed Executive Officer
Executive Vice President of Network System Company
April 2000 Manager, Network System Integration Business, Network System Company
April 1973 Joined Oki Electric Industry Co., Ltd.
8. Brief biography of new candidate auditors
Noriyuki Kandori
- Date of birth
- August 27, 1945 (62 years old)
- Raised in
- Oita Prefecture, Japan
- Education
- March 1970 Graduated from Faculty of Law, University of Tokyo
- Business career
- July 2007 Appointed Adviser of Sompo Japan Insurance Inc. (Current)
June 2000 Appointed Board member of KDD Corp.
July 1996 Principal of Postal College and Head of Central Training Institute of Postal Services
April 1970 Joined Ministry of Posts and Telecommunications
Seiji Nishi
- Date of birth
- January 4, 1947 (61 years old)
- Raised in
- Oita Prefecture, Japan
- Education
- March 1969 Graduated from School of Law, Waseda University
- Business career
- April 2008 Director, Meiji Yasuda General Insurance Co, Ltd (Current)
April 2005 Appointed President, Meiji Yasuda General Insurance Co, Ltd.
April 2004 Appointed Managing Director, Meiji Yasuda Life Insurance Co.
April 1969 Joined Yasuda Mutual Life Insurance Co.
About Oki Electric Industry Co., Ltd.
Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. OKI provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses function as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit OKI's global web site at http://www.oki.com/.
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