SUMIDA: Company News
We would like to announce the following seven candidates for the Board of Directors. This was resolved at the meeting of the Nomination Committee held today. The membership as director will take effect subject to the approval of shareholders at the coming 60th General Meeting of Shareholders scheduled for March 21, 2015.
1. Candidates for members of the Board of Directors
| Name | Current Position in Sumida |
| Shigeyuki Yawata | Director, Representative Executive Officer and CEO |
| Johji Sato | Outside Director (Chairman of the Audit Committee) |
| Pak Hong Auyang | Outside Director (Chairman of the Nomination- and Compensation Committee) |
| Soichiro Uchida | Outside Director (Member of the Audit-, Nomination- and Compensation Committee) |
| Yukihiro Moroe | Outside Director (Member of the Audit Committee) |
| Atsushi Kato | Proposed candidate for an outside director - no current position at Sumida |
| Michael Mühlbayer | Proposed candidate for an outside director - no current position at Sumida |
Note:
- Messrs. Johji Sato, Auyang Pak Hong, Soichiro Uchida, Yukihiro Moroe, Atsushi Kato and Michael Mühlbayer are candidates as outside directors. After the election at the coming AGM, all of the candidates as outside directors will be registered as independent directors at the Tokyo Stock Exchange in accordance with the regulations of the Tokyo Stock Exchange.
- Mr. Ulrich Ruetz will not be proposed for appointment as director of the board at the 60th AGM.
2. Brief personal profile of proposed new candidates for the BOD and reasons for the appointment
(1) Mr. Atsushi Kato (born on April 14, 1943)
| (Brief Personal Profile) | |
| Apr. 1968 | Established a tax accountant office, Director |
| Oct. 1971 | Joined Tokyo Office, Coopers & Lybrand |
| Jul. 1983 | Partner, Tokyo Office, Coopers & Lybrand |
| Jul. 1984 | Representative Partner, Chuo Audit Corporation (later ChuoAoyama Audit Corporation, a PricewaterhouseCoopers member firm) due to a merger |
| Sep. 2006 | Representative Partner, PricewaterhouseCoopers Aarata (a PricewaterhouseCoopers member firm) |
| Feb. 2007 | Representative Director and President, Control Solutions International, Inc. |
| Jul. 2001 | Part-time member, Accounting Standards Board of Japan (ASBJ) |
| Apr. 2009 | Full-time Member, ASBJ |
| Apr. 2010 | Full-time Vice Chairman, ASBJ |
| Apr. 2013 | Certified Public Accountant, Atsushi Kato Certified Public Accountant Office (To date) |
| (Important Concurrent Occupations or Positions at Other Organizations) Certified Public Accountant |
|
Reasons for the selection of candidates nominated for outside director
Atsushi Kato has been involved in the provision of advice and activities regarding finance, audit, internal control and International Financial Reporting Standards (IFRS) for global corporations over many years, and has held various posts including partner at Coopers & Lybrand (C&L). The Company proposed him as a candidate for outside director because it expects him to oversee and check management based on the managerial knowledge and experience that he has accumulated throughout his career, especially in the fields of accounting and taxation.
(2) Mr. Michael Mühlbayer (born on February 22, 1955)
| (Brief Personal Profile) | |
| Oct. 1985 | Joined Daimler AG |
| Apr. 1994 | Manager, Treasury Control, MTU Friedrichshafen GmbH, Daimler AG Group |
| Apr. 1997 | Executive Vice President, TEMIC TELEFUNKEN Mikroelektronik GmbH, Daimler AG Group |
| Nov. 1998 | Executive Vice President, New York Office, Mercedes-Benz Credit Corp, U.S., Daimler AG Group |
| Nov. 1998 | Executive Vice President, Detroit Office, Chrysler Financial Corp, U.S. |
| Aug. 2000 | Senior Vice President (Treasury), DaimlerChrysler AG |
| Jul. 2005 | Senior Vice President (Investor Relations & Treasury), Daimler AG |
Reasons for the selection of candidates nominated for outside director
Michael Mühlbayer has been involved in finance of Daimler AG, a German automobile manufacturer, over many years. The Company proposed him as a candidate for outside director because it expects him to oversee and check management based on the knowledge and experience as a corporate executive that he has accumulated throughout his career, especially in the field of finance, and his insight into the automobile and electric and electronics industries and the European and U.S. markets.
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