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Hitachi Announces New Management
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TOKYO, Japan, February 22, 2001 --- Hitachi, Ltd. (TSE:6501) today announced new management which will become effective from April 1, 2001, in accordance with a decision taken at a meeting of the Board of Directors convened today.
Hitachi is currently aiming to strengthen the management system to accelerate management reforms and business reorganizations in order to achieve the targets of the i.e. Hitachi medium-term business plan set for the year ending March 2003. Toward this goal, policy objectives for selecting the new management were set on bringing up the next generation of management with the emphasis on Presidents of the business groups. Policy objectives also include a strengthening of relationships between affiliated companies within the Hitachi Group and increased interchange of human resources.
As of April 1, business groups in charge of information systems and telecommunications operations, namely, Finance & Distribution Systems, Industrial Information Systems, Government & Public Corporation Information Systems, Telecommunication & Information Infrastructure Systems and Information & Computer Systems, will be reorganized into two groups: Systems Solutions*, which will run the overall systems solutions business operations on a strategic, flexible basis; and Information & Telecommunication Platform Systems*, which will focus on merging computer platform operations and telecommunications equipment operations.
To strengthen and integrate strategy planning of information systems and telecommunications operations, a Senior Group Executive of the Information & Telecommunication Systems Group will be in charge of both groups, assuming overall responsibility for those operations. A Chief Marketing Officer (CMO) and a Chief Strategy Officer (CSO) will be newly appointed to be responsible for marketing and sales strategy and business structural reforms, respectively.
The CMO and CSO, together with the Chief Technology Officer (CTO) of the Automotive Products business group and Life Science Group, are appointed to strengthen the management staff functions of each group with clearly defined responsibilities in formulating management strategies.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading
global electronics companies, with fiscal 1999 (ended March 31, 2000) consolidated
sales of 8,001 billion yen ($75.5 billion**). The company manufactures
and markets a wide range of products, including computers, semiconductors, consumer
products and power and industrial equipment. For more information on Hitachi,
Ltd., please visit Hitachi's Web site at http://www.hitachi.co.jp/
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Provisional names. |
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At an exchange rate of 106 yen to the dollar. |
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I. New Management
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New Directors (Effective
April 1, 2001*1) |
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(Current positions of promoted officers are shown
in parentheses.) |
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Tsutomu Kanai, Representative
Director, Chairman of the Board and Director |
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Etsuhiko Shoyama, Representative
Director, President and Director |
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Yoshiki Yagi, Representative
Director, Executive Vice President and Director |
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Yoshiro Kuwata, Representative
Director, Executive Vice President and Director |
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Yuushi Samuro, Representative
Director, Executive Vice President and Director |
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Takashi Kawamura, Representative
Director, Executive Vice President and Director |
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Kazuo Kumagai, Representative
Director, Executive Vice President and Director (Senior Vice President and Director)
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Katsukuni Hisano, Senior
Vice President and Director |
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Toshihiko Odaka, Senior
Vice President and Director |
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Hiroshi Kuwahara, Director |
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Kazuo Sato, Senior Vice
president (Senior Corporate Officer)*1 |
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Takao Matsui, Senior Vice
President (Senior Corporate Officer)*1 |
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Masaaki Hayashi, Senior
Vice President (Senior Corporate Officer)*1 |
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Kunio Hasegawa, Senior Vice
President (Corporate Officer)*1 |
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*1 |
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Kazuo Sato, Takao Matsui, Masaaki Hayashi and Kunio
Hasegawa will serve as Executive Officers and Senior Vice Presidents from April
1, and are to be appointed Senior Vice Presidents and Directors after the conclusion
of the Ordinary General Meeting of Shareholders held in June. |
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Presidents & Chief Executive Officers
(Effective April 1, 2001) |
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(Current positions are shown in parentheses.) |
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Katsukuni Hisano, President, Power
& Industrial Systems and Chief Executive Officer, Power Systems Operation*2 (President
& Chief Executive Officer, Power & Industrial Systems) |
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Masaharu Sumikawa, Chief
Executive Officer, Industrial Systems Operation*2, Power & Industrial Systems
(General Manager, Thermal & Hydroelectric Systems Division, Power & Industrial
Systems) |
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Kiyohiko Shiiki,
President & Chief Executive Officer, Industrial Components
& Equipment (General Manager, Sales Operations Division, Industrial
Components & Equipment) |
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Masao Takizawa, President
& Chief Executive Officer, Building Systems (Executive Vice President, Building
Systems) |
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Masaaki Hayashi, Senior
Group Executive, Information & Telecommunication Systems Group (President & Chief
Executive Officer, Telecommunication & Information Infrastructure Systems) |
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Hiroyuki Nakamura, Chief
Marketing Officer, Information & Telecommunication Systems Group (President &
Chief Executive Officer, Government & Public Corporation Information Systems) |
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Hiromi Kuwahara, Chief Strategy
Officer, Information & Telecommunication Systems Group (Executive Vice President,
Information & Telecommunication Systems Group) |
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Isao Ono, President & Chief
Executive Officer, Systems Solutions*2 (President & Chief Executive Officer, Finance
& Distribution Systems and Chief Executive Officer, Industrial Information Systems)
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Takao Kato, President &
Chief Executive Officer, Information & Telecommunication Platform Systems*2 (President
& Chief Executive Officer, Information & Computer Systems) |
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Tsugio Momose, President
& Chief Executive Officer, Digital Media (General Manager, Internet Systems Platform
Division, Information & Computer Systems) |
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Kunio Sebata, President
& Chief Executive Officer, Consumer Products (General Manager, Refrigeration &
Airconditioning Division) |
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Fumiaki Yonai, President
& Chief Executive Officer, Displays (Executive Vice President, Displays) |
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Kunio Hasegawa, President
& Chief Executive Officer, Semiconductor & Integrated Circuits (Executive Vice
President, Semiconductor & Integrated Circuits) |
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Kunihide Kaneko, President
& Chief Executive Officer, Automotive Products (Executive Vice President, Automotive
Products) |
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Junzo Kawakami, Chief Technology
Officer, Automotive Products (General Manager, Hitachi Research Laboratory) |
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Katsuji Yamashita, President
& Chief Executive Officer, Instruments (Executive Vice President, Instruments)
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Masanori Kataoka, President
& Chief Executive Officer, Information & Network Services (President, Hitachi
netBusiness, Ltd.) |
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Toshihiro Sanematsu, President
& Chief Executive Officer, Semiconductor Manufacturing Equipment |
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Hiroya Taguchi, President
& Chief Executive Officer, Life Science Group |
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Takao Iwayanagi, Chief Technology
Officer, Life Science Group |
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Hiroaki Kawashima, President
& Chief Executive Officer, Broadcasting & Communication Systems Group (General
manager, Space IT Project Division, Power & Industrial Systems) |
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Isao Yasuda, President &
Chief Executive Officer, Defense Systems Group |
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Shigeru Matsuoka, President
& Chief Executive Officer, Net-PDA Venture Company |
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*2 |
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Provisional names |
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New Corporate Auditors (Standing)
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To be appointed after the conclusion of the Ordinary
General Meeting of Shareholders held in June and will serve as Directors from
April 1 until the appointment. (Current positions are shown in parentheses.) |
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Shigemichi Matsuka (Representative
Director, Executive Vice President and Director) |
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Tadashi Ishibashi (Senior
Vice President and Director) |
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Kotaro Muneoka (Senior Vice
President and Director) |
II. Retiring Officers
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Retiring Directors |
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(Current positions are shown in parentheses.) |
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Shigemichi Matsuka (Representative
Director, Executive Vice President and Director) |
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Tadashi Ishibashi (Senior
Vice President and Director) |
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Kaichi Murata (Senior Vice
President and Director) |
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Kotaro Muneoka (Senior Vice
President and Director) |
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*3 |
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All will serve as Directors from April
1 and will retire at the conclusion of the Ordinary General Meeting of Shareholders
held in June. |
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*4 |
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Shigemichi Matsuka, Tadashi Ishibashi
and Kotaro Muneoka are to be elected as Corporate Auditors (Standing). |
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Kaichi Murata is expected to become President of Hitachi
Capital Corporation. |
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Retiring Corporate Auditors (Standing) |
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(Current positions are shown in parentheses.) |
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Nobuji Kamachi |
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Iwao Matsuoka |
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Takashi Kashiwagi |
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Kazuo Morita |
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*6 |
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All will retire at the conclusion of the Ordinary
General Meeting of Shareholders in June. |
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Retiring Senior Corporate Officers
/ Corporate Officers |
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(Current positions are shown in parentheses) |
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Hiroshi Inomata
(Senior Corporate Officer) |
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Takeo Ueno (Corporate Officer)
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Katsuya Yanai (Corporate
Officer) |
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Eiichi Kawasaki (Corporate
Officer) |
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Yoshinori Fujimori (Corporate
Officer) |
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*7 |
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Hiroshi Inomata is to become President of Hitachi
Medical Corporation. Takeo Ueno is to become President of Hitachi Via Mechanics
Ltd. Katsuya Yanai is to become President of Hitachi Engineering & Services Co.,
Ltd. Eiichi Kawasaki is to become President of Tokyo Securities Transfer Agent
Co., Ltd. Yoshinori Fujimori is to become President of Kokusan Denki Co., Ltd.
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*8 |
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All will retire on the day of the Ordinary General
Meeting of Shareholders of each of the affiliated companies to which the retiring
officer concerned is moving. |
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WRITTEN BY Corporate Communications Division
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