Mitsubishi Electric Announces Director Candidates

Rhea-AI Summary

Mitsubishi Electric Corporation (Tokyo: 6503) has announced the election of director candidates during a Nomination Committee meeting held on March 30, 2023. The candidates will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2023. Notable candidates include current directors Mitoji Yabunaka and Kei Uruma, alongside new candidates Masako Egawa and Haruka Matsuyama, who bring diverse expertise from various sectors. The election aims to strengthen corporate governance and support strategic growth initiatives.

Positive

• Diverse expertise from new director candidates may enhance corporate governance.
• Strategic focus on management improvement with the election of qualified directors.

Negative

• None.

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announces that the candidates for Directors, who will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2023, were elected at the meeting of the Nomination Committee held on March 30, 2023.

1. Director Candidates (current positions)

Mitoji Yabunaka (Director)
Kazunori Watanabe (Director (Certified Public Account, Tax Accountant, Kazunori Watanabe Certified Public Accountant & Tax Accountant Office))
Hiroko Koide (Director)
Tatsuro Kosaka (Director (Senior Advisor, Chugai Pharmaceutical Co., Ltd.))
Hiroyuki Yanagi (Director (Adviser, Yamaha Motor Co., Ltd.))
Masako Egawa (Chancellor, School Juridical Person Seikei Gakuen) [new candidate]
Haruka Matsuyama (Attorney-at-law (Partner, Hibiya Park Law Offices) [new candidate]
Kei Uruma (Director, Representative Executive Officer, President & CEO)
Tadashi Kawagoishi (Director)
Kuniaki Masuda (Director, Executive Officer, (CFO (Accounting and Finance), CHRO (General Affairs and Human Resources)))
Jun Nagasawa (Director)
Satoshi Takeda (Executive Officer, Industry and Mobility Business Area Owner (Factory Automation Systems)) [new candidate]

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005466/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 are the new director candidates proposed by Mitsubishi Electric for June 2023?

New director candidates include Masako Egawa (Chancellor) and Haruka Matsuyama (Attorney-at-law).

When will Mitsubishi Electric hold its Ordinary General Meeting of Shareholders?

The Ordinary General Meeting of Shareholders is scheduled for June 2023.

Who are the current directors of Mitsubishi Electric proposed for election?

Current directors proposed include Mitoji Yabunaka, Kazunori Watanabe, and Kei Uruma.

What is the significance of the Nomination Committee meeting held on March 30, 2023?

The meeting was significant as it finalized the candidates for directors for the upcoming shareholder meeting.