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| December 19, 2006 |
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| Hitachi Announces Personnel Moves to Strengthen HDD Operations |
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TOKYO, Japan, December 19, 2006 --- Hitachi, Ltd. (NYSE: HIT / TSE: 6501) today announced that it has taken measures to further strengthen its hard disk drive (HDD) business by making personnel moves with respect to Hitachi Global Storage Technologies (Hitachi GST), which is responsible for the HDD operations of the Hitachi Group. The moves take effect on January 1, 2007.
As part of the moves, Hiroaki Nakanishi, Chairman and Chief Executive Officer of Hitachi GST, will resign from his current positions of Executive Vice President and Executive Officer, Hitachi, Ltd and Chief Executive for North America of Hitachi, Ltd. With this change Mr. Nakanishi will devote his full energy and time on managing Hitachi GST as its Chairman and CEO.
Also, Hitachi GST has been leveraging Hitachi's R&D resources by utilizing the "TOKKEN" special research project management approach, especially in the areas of PMR (perpendicular magnetic recording) technology, HDD heads and Enterprise HDD. Hitachi GST will pursue further synergies with Hitachi's headquarters resources in R&D and Human Resources.
The latest move in this regard is to appoint Fumikazu Itoh, currently the general manager of Hitachi's Production Engineering Research Laboratory, to the position of vice president, Demand - Supply Project Office in Hitachi GST. With a focus on Total Supply Chain Management (TSCM), Mr. Itoh will help to accelerate Hitachi GST cost reductions and optimize its manufacturing model for the HDD business. The aim of these personnel moves is to strengthen the management and manufacturing capabilities of Hitachi GST and reinforce its ties with Hitachi and the other members of the Hitachi Group.
| About Hitachi, Ltd. |
| Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 356,000 employees worldwide. Fiscal 2005 (ended March 31, 2006) consolidated sales totaled 9,464 billion yen ($80.9 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com. |
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| Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice. |
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