Mitsubishi Electric Announces Changes in Oversight and Structure of Investor Relations and Shareholder Relations

Rhea-AI Summary

Mitsubishi Electric Corporation (TOKYO:6503) announced a restructuring of its investor relations (IR) and shareholder relations (SR) functions, effective January 1. This change consolidates IR and SR responsibilities under an Executive Officer, replacing previous management by the Corporate Finance and Administration Divisions. A new Corporate IR and SR Division will be established, reporting directly to the CEO. This initiative aims to enhance stakeholder communication and better incorporate capital-market insights into IR and SR management.

Positive

• Consolidation of IR and SR functions under an Executive Officer is expected to facilitate better communication with stakeholders.
• Establishment of the Corporate IR and SR Division reflects a commitment to incorporating capital-market perspectives into management.

Negative

• None.

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that responsibility for the functions of investor relations (IR) and shareholder relations (SR) will be newly assigned to an Executive Officer, effective this coming January 1, pursuant to a resolution passed during a regular meeting of the Board of Directors on December 22. The company also announced a change in the company’s IR and SR organizational structure, effective on the same date.

So far, IR and SR have been managed by the company’s Corporate Finance Division and Corporate Administration Division, respectively, but these duties will now be consolidated under an Executive Officer. The purposes are to facilitate more comprehensive dialogue and information sharing with stakeholders in regard to these functions, and also to better reflect capital-market perspectives and opinions in the execution and oversight of IR and SR management.

In this regard, the company will establish a new division, the Corporate IR and SR Division, dedicated to dealing with IR and SR under the direct control of the CEO.

For the full text, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: https://www.businesswire.com/news/home/20221226005020/en/

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What is the recent change in the IR and SR management at Mitsubishi Electric Corporation related to MIELY?

Effective January 1, Mitsubishi Electric is consolidating IR and SR functions under an Executive Officer, establishing a new Corporate IR and SR Division.

When did Mitsubishi Electric Corporation announce changes to its investor relations structure?

Mitsubishi Electric announced the changes during a Board of Directors meeting on December 22.

How will the changes in Mitsubishi Electric's IR and SR functions impact shareholders?

The changes aim to improve communication with stakeholders and better reflect capital-market perspectives in IR and SR management.