2016
February 29, 2016
Announcement of Changes in Representative Director and Other Directors
Kurita Water Industries Ltd. is pleased to announce that a meeting of its Board of Directors on February 29, 2016 resolved to make the following changes in representative directors and other directors. These changes will take effect on April 1, 2016. An informal decision was also made to appoint new directors, which will take effect on June 29.
The appointment of the new directors that will take effect on June 29 is expected to be formalized at the 80th annual meeting of shareholders scheduled for June 29, 2016, and the subsequent Board meeting.
1. Reason for Changes
The Kurita Group launched Competitive Kurita 2017 (CK-17), a 3-year medium-term management plan which started in April 2015. To become a world-class, leading-edge company in water and the environment, we are making group-wide efforts to improve our competitiveness and solve the issues faced by our customers and society.
We view the beginning of the fiscal year ending March 2017, the second year of the medium-term management plan, as an opportunity to renew our management with the aim of further accelerating measures for achieving the plan. We will strive to make additional leaps and further develop our businesses by responding appropriately to rapid environmental changes in Japan and the world with the flexible and agile management of the younger generation.
2. Appointment of New President
- (1)Personnel changes
| Name | New position | Current position |
|---|---|---|
| Michiya Kadota | President and Representative Director | Director General Manager of Administrative Division |
| Toshiyuki Nakai | Chairman and Director | President and Representative Director |
- (2)Career summary of incoming president
See the Supplementary Material.
- (3)Scheduled date of appointment
April 1, 2016
3. Changes in representative directors (To take effect on April 1, 2016)
- (1)Changes in representative directors
| Name | New position | Current position |
|---|---|---|
| Koichi Iioka | Executive Senior Managing Director General Manager of Chemicals Division |
Managing Director General Manager of Chemicals Division |
| Kaoru Kajii | Director Assistant to President |
Executive Senior Managing Director General Manager of Facilities Division |
- (2)Career summary of incoming representative director
See the Supplementary Material.
4. Changes involving other directors
- (1)Promotion of directors (To take effect on April 1, 2016)
| Name | New position | Current position |
|---|---|---|
| Takahito Namura | Managing Director General Manager of Research and Development Division |
Director General Manager of Research and Development Division |
| Toshitaka Kodama | Managing Director General Manager of Facilities Division |
Director General Manager of Facilities Group, Facilities Division |
- (2)Changes in responsibilities of directors (To take effect on April 1, 2016)
| Name | New position | Current position |
|---|---|---|
| Kiyoshi Itou | Managing Director General Manager of Administrative Division |
Managing Director General Manager of Corporate Planning Division |
| Yoshio Yamada | Director General Manager of Sales Group I, Chemicals Division |
Director General Manager of Sales Group II, Chemicals Division and General Manager of Osaka Office |
| Youichi Kurokawa | Director (President and Representative Director of Kuritaz Co.,Ltd.) |
Director Deputy General Manager of Facilities Division |
- (3)Candidates for directors (Scheduled date of appointment: June 29, 2016)
| Name | New position | Current position |
|---|---|---|
| Ikuo Ishimaru | Director General Manager of Global Quality Group, Facilities Division |
Executive Officer General Manager of Global Quality Group, Facilities Division |
| Hirohiko Ejiri | Director General Manager of Corporate Planning Division |
Executive Officer General Manager of Sales Group I, Chemicals Division |
- *See the Supplementary Material for career summaries of candidates for directors.
- (4)Retirement of directors (Scheduled date of retirement: June 29, 2016)
| Name | New position | Current position |
|---|---|---|
| Kaoru Kajii | Advisor | Executive Senior Managing Director General Manager of Facilities Division |
| Youichi Kurokawa | President and Representative Director of Kuritaz Co.,Ltd. | Director Deputy General Manager of Facilities Division |
Supplementary Material
Career summary of incoming president
| Name | Michiya Kadota |
|---|---|
| Date of Birth | February 26, 1959 |
| Date of Joining Kurita Water Industries Ltd. | April 1, 1983 |
| Most recent education | March 1983 Graduated from Faculty of Letters, Kyoto University |
| Career summary | |
| April 1983 Joined Kurita Water Industries Ltd. |
|
| April 2006 General Manager of Business Innovation Department, Corporate Planning Division |
|
| June 2013 Executive Officer General Manager of Finance and Accounting Department, Administrative Division |
|
| June 2014 Director General Manager of Administrative Division (incumbent) |
|
| Number of shares held | 34(unit: 100 shares) |
Career Summary of Incoming Representative Director
| Name/ Date of Birth |
Career Summary | Number of shares held (unit: 100 shares) |
|---|---|---|
| Koichi Iioka March 5, 1953 |
|
186 |
Career Summaries of Candidates for Directors
| Name/ Date of Birth |
Career Summary | Number of shares held (unit: 100 shares) |
|---|---|---|
| Ikuo Ishimaru August 27, 1961 |
|
23 |
| Hirohiko Ejiri October 6, 1962 |
|
28 |
The number of shares held by each is current as of January 31, 2016. They include shares held under the Shareholding Scheme for the purchase of the Company shares.