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TMCNet:  Renesas Electronics Announces Changes in Representative Directors, Corporate Officers and Organizational Structure

[February 22, 2013]

Renesas Electronics Announces Changes in Representative Directors, Corporate Officers and Organizational Structure

TOKYO --(Business Wire)--

Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced the following changes to its Representative Directors, Corporate Officers and organizational structure. These changes were approved at a meeting of the Board of Directors on February 22, 2013.

1. Changes in Representative Directors and Corporate Officers

1-1. Purpose of Changes

Renesas has been pursuing to establish a robust and profitable structure by securing support and capital from major shareholders and main banks, promoting personnel rationalization measures centered around an early retirement incentive program, restructuring of production facilities in Japan, and other initiatives.

As announced on December 10, 2012, in "Renesas Electronics Announces Share Issue through Third-party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies", Renesas also plans to boost its capital for implementing growth investment in focused areas toward the recovery of its business performance along with establishing a financial base that is resistant to drastic changes in the global economy and the Japanese market.

Under such circumstances, Renesas resolved to change its Representative Directors and Corporate Officers at a meeting of the Board of Directors held today with the aim of promptly establishing the new management structure intended for an earlier recovery of business performance and future growth by speeding up and streamlining decision-making as well as execution of business.

The new Representative Director and Corporate Officers are appointed as of today, February 22, 2013, with the resolution.

1-2. Outline of Changes

(1) Changes in Representative Directors and Corporate Officers who Concurrently Served as Members of the Board




      Name     New Position     Former Position
Yasushi Akao     Member of the Board    

Representative Director,
President

Masaki Kato     Member of the Board    

Representative Director and
Executive Managing Vice
President

Yoichi Yano     Member of the Board    

Executive Vice President and
Member of the Board

Shozo Iwakuma     Member of the Board    

Senior Vice President and
Member of the Board

Shigeo Mizugaki    

Senior Vice President and
Member of the Board

   

Senior Vice President, Member
of the Board, and Vice
President of MCU Business Unit

Tetsuya Tsurumaru    

Representative Director,
President

   

Senior Vice President, Member
of the Board, and Vice
President of Production and
Technology Unit

Note: There are no changes in part-time Members of the Board, full-time Corporate Auditors and part-time Corporate Auditors.

(2) Changes in Corporate Officers

New Corporate Officers who are appointed as of February 22, 2013

      Name     New Position     Former Position
Osamu Nogimura     Senior Vice President    

Associate Vice President of
Production and Technology Unit

Manabu Kawashima     Senior Vice President    

General Manager of Analog &
Power Devices Marketing &
Production Planning Division,
Sales Management Unit

Takeshi Noguchi     Senior Vice President    

Executive Vice President,
Renesas SP Drivers Inc.

Ryuji Omura     Senior Vice President    

General Manager of MCU
Strategy and Business Planning
Division, MCU Business Unit

(Note: There are no changes in current Senior Vice Presidents, Hideo Tsujioka and Masahiko Sagawa.)

Retiring Corporate Officers as of February 22, 2013

(Note: Asterisks (*) indicate positions formerly held.)

Yoshiro Miyaji
Senior Vice President and Vice President of Analog & Power Devices Business Unit*

Shinichi Iwamoto
Senior Vice President, Vice President of Sales Management Unit and General
Manager of Automotive Business Division, Sales Management Unit*

Hideaki Chaki
Senior Vice President and Vice President of SoC Business Unit*

Tetsuro Kitano
Senior Vice President*

Toshihide Tsuboi
Senior Vice President and Associate Vice President of MCU Business Unit*

Atsushi Hasegawa
Senior Vice President and Vice President of Technology Development Unit*

Shinjiro Fujiwara
Senior Vice President and General Manager of Human Resources & General Affairs Division*

Tsutomu Aoki
Senior Vice President and Associate Vice President of Analog & Power Devices Business Unit*

(3) Biography of the Newly Appointed Representative Director and Corporate Officers

Newly Appointed Representative Director

Name

Date of Birth

    Biography Number of Renesas' Shares Held
Tetsuya Tsurumaru

 

August 29, 1954

   

1979.4 Joined Hitachi (News - Alert), Ltd.

2002.10 General Manager of Naka Manufacturing Division, Production and Technology Unit, Semiconductor Group, Hitachi, Ltd.

2003.4 General Manager of Naka Factory,
Renesas Technology (News - Alert) Corp.

2004.4 General Manager of Saijo Factory, Renesas Technology Corp.

2006.4 General Manager of Strategic Production Planning Division, Production and Technology Unit, Renesas Technology Corp.

2008.4 Managing Officer and Executive General Manager of Production and Technology Unit, Renesas Technology Corp.

2010.4 Senior Vice President and Associate Vice President of Production and Technology Unit, Renesas Electronics Corporation

2011.4 Senior Vice President and Vice President of Production and Technology Unit, Renesas Electronics Corporation

2012.6 Senior Vice President, Member of the Board, and Vice President of Production and Technology Unit, Renesas Electronics Corporation

2013.2 Representative Director, President of

(today) Renesas Electronics Corporation

1,600

Newly Appointed Corporate Officers

Name

Date of Birth

    Biography
Osamu Nogimura

 

April 7, 1958

    1981.4 Joined Hitachi, Ltd.

2003.4 Department Manager of Naka Manufacturing Department, Naka Factory, MCU & SOC Business Unit, Renesas Technology Corp.

2008.4 General Manager of Production Engineering Division,

Production and Technology Unit, Renesas Technology Corp.

2010.4 Associate General Manager of Strategic Production Planning

Division, Production and Technology Unit, Renesas Electronics Corporation

2011.4 Associate Vice President of Production and Technology Unit,

Renesas Electronics Corporation

2013.2 Corporate Officer, Renesas Electronics Corporation

(today)

Manabu Kawashima

 

July 6, 1959

    1983.4 Joined Mitsubishi Electric (News - Alert) Corp.

2008.4 Executive Manager of Marketing & Production Planning

Division, Standard Product Business Group, Renesas

Technology Corp.

2008.10 General Manager of Marketing & Production Planning Division, Standard Product Business Group, Renesas Technology Corp.

2010.4 General Manager of Marketing & Production Planning Division, Analog & Power Devices Business Unit, Renesas Electronics Corporation

2011.4 General Manager of Marketing & Production Planning Division, Sales Management Unit, Renesas Electronics Corporation

2013.2 Senior Vice President, Renesas Electronics Corporation

(today)

Takeshi Noguchi

 

February 16, 1960

    1984.4 Joined Mitsubishi Electric Corp.

2004.4 Department Manager of Saijo Manufacturing Department, Saijo Factory, Production and Technology Unit, Renesas Technology Corp.

2007.4 Department Manager of LCD Design and Production Support Department, LCD Business Unit, Standard Product Business Group, Renesas Technology Corp.

2007.12 Associate General Manager of LCD Business Unit, Standard Product Business Group, Renesas Technology Corp.

2008.4 Senior Vice President and Member of the Board, Renesas SP

Drivers Inc.

2010.10 Executive Vice President and Member of the Board, Renesas SP Drivers Inc.

2013.2 Senior Vice President, Renesas Electronics Corporation

(today)

Ryuji Omura

 

December 5, 1961

    1984.4 Joined Mitsubishi Electric Corp.

2006.1 Department Manager of Business Planning Department, System Solution Business Development Division, System Solution Business Group, Renesas Technology Corp.

2008.4 General Manager of MCU Business Development Division, MCU Business Group, Renesas Technology Corp.

2010.4 General Manager of MCU Strategy and Business Planning

Division, MCU Business Unit Renesas Electronics

Corporation

2013.2 Senior Vice President, Renesas Electronics Corporation

(today)

(4) Schedule

The new Representative Director and Corporate Officers are appointed as of February 22, 2013.

2. Changes in Organizational Structure

2-1. Purpose of Changes

Renesas intends to improve its business performance earlier and restructure its design, development, production and sales organizations together with the aim of steadily accomplishing business and production structural measures the company has implemented so far. In order to attain these aims under the new management structure following the changes in Representative Directors and Corporate Officers, Renesas resolved to change its organizational structure as follows at a meeting of the Board of Directors held today.

2-2. Outline of Changes

  • The Sales Management and Marketing Unit will be launched by merging the Sales Management Unit and the Marketing Unit.
  • The 1st Solution Business Unit will be launched by merging the MCU Business Unit, the SoC Business Unit and the Technology Development Unit.
  • The Analog & Power Devices Business Unit will be renamed "2nd Solution Business Unit".

2-3. Schedule

New organizations are scheduled to be launched on March 1, 2013.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC (News - Alert) Electronics Corporation (TSE: 6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.


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