The management of Kuraray herewith announces that the decision has been taken to implement changes to the Company's management structure and a reshuffle of management personnel, for implementation in late June of this year. These changes are aimed at establishing an up-to-date system of corporate governance suitable for Kuraray's status as a company operating on a global scale. By so doing, we hope to facilitate appropriate and flexible responses to fast-breaking developments in the business environment and ensure the Company's long-term success while preserving a harmonious relationship with society as a whole.
The scheduled changes will be implemented after the General Meeting of Shareholders in late June of 2003.
To enable corporate auditors to effectively audit the activities of the Company's top management and of the executive officers, the number of corporate auditors is to be increased by one to five. The additional corporate auditor will be an auditor who has not previously served as an employee or director of the Company.
A "management advisory committee" is to be set up to provide advice to the Company's president regarding management of the Kuraray Group for the rigorous application of compliance, a greater focus on the interest of shareholders, and improved management transparency.
Details regarding the advisory committee, including its composition and rules of operation (scope of matters for discussion, frequency of meetings, terms of office of members, etc.) are to be determined at a later date.
Managing Directors | Katsumi Ohashi (currently director) Tetsuzo Kimura (currently director) Junsuke Tanaka (currently director) |
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Directors | Satoru Mizushima Seiji Wajiki Nobusuke Takeuchi Noriaki Yoshimura |
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Managing Directors | Masayuki Hayashi (to assume the post of corporate counselor) Akira Matsuzawa (to assume the post of chairman of the Board of Corporate Auditors) |
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Director and Adviser | Hisao Nakamura (to assume the post of advisor) |
Directors | Katsuhiko Kishi (to assume the post of senior managing director of Kuraray Plastics Co., Ltd.) |
Corporate Auditor | Akira Matsuzawa (currently managing director) Toshimitsu Kitagawa (currently Professor of Law, Toa University) |
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Corporate Auditor | Jun Inoue |
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Chairman | Hiroto Matsuo |
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President | Yasuaki Wakui |
Senior Managing Director | Koichi Kushida |
Managing Directors | Masahiro Kaihara Tsutomu Yabuta Shobu Minatono Katsumi Ohashi (promoted) Tetsuzo Kimura (promoted) Junsuke Tanaka (promoted) |
Corporate Auditors | Akira Matsuzawa (newly appointed) Tatsuya Nakano Kazuhide Kashiwabara Ichiro Kobayashi Toshimitsu Kitagawa (newly appointed) |
(Current post as of April 1)
Senior Executive Officer: Satoru Mizushima
(Director and General Manager of Corporate Strategy and Planning Division)
Senior Executive Officer: Seiji Wajiki
(Director and General Manager of Okayama Plant)
Senior Executive Officer: Nobusuke Takeuchi
(Director and President of Fibers and Industrial Materials Company)
Senior Executive Officer: Noriaki Yoshimura
(Director and General Manager of Research and Development Division)
Senior Executive Officer: Osamu Asaba
(President of Clarino Company)
Senior Executive Officer: Nobuo Iwawaki
(General Manager of Corporate Management Division)
Executive Officer: Katsuji Shimoda
(General Manager of Nakajo Plant)
Executive Officer: Mitsuhiko Takaoka
(President of Fastening and Non-Woven Fabrics Company)
Executive Officer: Manabu Kusano
(General Manager of Kashima Plant)
Executive Officer: Hiroaki Yoshino
(President of Optical Products Company)
Executive Officer: Toshihide Sakai
(President of Poval Company)
Executive Officer: Susumu Gotanda
(President of Methacrylate Company)
Executive Officer: Yoichi Ninagawa
(President of Chemicals Company)
Executive Officer: Fumio Ito
(Manager of Personnel Department)
Executive Officer: Shiro Kataoka
(General Manager of Purchasing and Logistics Division)
Executive Officer: Noboru Yanagida
(President of Eval Company)
March 1963 | Bachelors Degree in Commerce and Management from Hitotsubashi University |
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April 1963 | Joined the Company |
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June 1995 | Appointed Director |
June 2000 | Appointed Managing Director |
March 1962 | Bachelors Degree in Law (LL.B.) from Kyushu University |
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June 1971 | Masters Degree in Law (LL.M.) from Harvard Law School |
April 1962 | Joined Toshiba Corporation |
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April 1991 | Corporate Legal Counsel |
December 1992 | Resigned from Toshiba Corporation |
January 1993 | Professor of Law, Kyushu University |
April 2002 | Professor of Law, Toa University |
June 2002 | Attorney-at-Law (Araki & Tanabe Law Office) |
April 2003 | Professor of Law, Kansai University (to be appointed) |