Renesas Announces Executive Personnel Changes

Rhea-AI Summary

Renesas Electronics Corporation (TSE: 6723) announced board member changes approved on February 28, 2023, effective after the 21st Ordinary General Shareholders’ Meeting on March 30, 2023. New Member Takuya Hirano, an Outside Director, joins the board, while Arunjai Mittal will retire from his board position. Hirano brings extensive experience from notable companies including Microsoft and Oracle, promising to enhance strategic direction. These changes reflect Renesas's commitment to governance and capability enhancement, aligning with its focus on providing advanced semiconductor solutions for various applications.

Positive

• Appointment of Takuya Hirano as Outside Director, enhancing board expertise.
• Potential for improved strategic direction with Hirano's extensive industry experience.

Negative

• Retirement of Arunjai Mittal may create a gap in board continuity.

TOKYO--(BUSINESS WIRE)-- Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced the following changes to its Members of the Board. These changes were approved at a meeting of the Board of Directors on February 28, 2023, and will become effective following the adoption of the resolutions at the 21st Ordinary General Shareholders’ Meeting to be held on March 30, 2023.

1.		Outline of the Changes in Members of the Board (As of March 30, 2023)
		Note: Asterisk (*) indicates position currently held.
		(1)		New Member of the Board
				Takuya Hirano, Outside Director
		(2)		Retiring Member of the Board
				Arunjai Mittal, Outside Director*
		(3)		Brief Biography of the New Member of the Board

Name	Brief Biography
Takuya Hirano	December 1995	Joined Kanematsu USA
	February 1998	Joined Hyperion Solutions Corporation (currently, Oracle Corporation)
	February 2001	President, Hyperion Solutions Japan
	August 2005	Senior Director, Business & Marketing Division, Microsoft Co., Ltd. (currently, Microsoft Japan Co., Ltd.)
	February 2006	General Manager, Enterprise Service, Microsoft Co., Ltd.
	July 2007	General Manager, Enterprise Business & Enterprise Service, Microsoft Co., Ltd.
	March 2008	General Manager, Enterprise Business, Microsoft Co., Ltd.
	September 2011	General Manager, Multi-country, Microsoft Central and Eastern Europe
	July 2014	Executive Vice President, Marketing & Operations, Microsoft Japan Co., Ltd.
	March 2015	Representative Officer, Executive Deputy President, Microsoft Japan Co., Ltd.
	July 2015	President, Microsoft Japan Co., Ltd.
	September 2019	Vice President, Global Service Partner Business, Microsoft Corporation
	March 2022	Director (part-time), Japan Professional Football League (J.LEAGUE) (present)
	June 2022	Outside Director, Yokogawa Electric Corporation (present)
	October 2022	Outside Director, Yayoi Co., Ltd. (present)

2.

(Reference) Renesas Members of the Board and Corporate Auditors as of March 30, 2023 (following the adoption of the resolutions at the 21st Ordinary General Shareholders’ Meeting)

Position	Name
Representative Director, President and CEO	Hidetoshi Shibata
Outside Director	Jiro Iwasaki
Outside Director	Selena Loh LaCroix
Outside Director	Noboru Yamamoto
Outside Director	Takuya Hirano
Corporate Auditor (full-time)	Kazuki Fukuda
Outside Corporate Auditor	Kazuyoshi Yamazaki
Outside Corporate Auditor	Tomoko Mizuno
Outside Corporate Auditor	Miya Miyama

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.

(Remarks) All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230227006006/en/

Media Contact:



Japan

Kyoko Okamoto

Renesas Electronics Corporation

+ 81-3-6773-3001

kyoko.okamoto.sx@renesas.com

Source: Renesas Electronics Corporation

FAQ

What are the recent board changes for Renesas Electronics (RNECY)?

Renesas Electronics announced on February 28, 2023, that Takuya Hirano will join the board as an Outside Director effective March 30, 2023, while Arunjai Mittal will retire.

Who is the new Outside Director of Renesas Electronics (RNECY)?

Takuya Hirano is appointed as the new Outside Director for Renesas Electronics, effective March 30, 2023.

When will the board member changes for Renesas Electronics (RNECY) take effect?

The board member changes for Renesas Electronics will take effect following the 21st Ordinary General Shareholders’ Meeting on March 30, 2023.

What is Takuya Hirano's background related to Renesas Electronics (RNECY)?

Takuya Hirano has significant experience from companies like Microsoft and Oracle, which he brings to his new role at Renesas Electronics.