Announcement on Changes in Corporate Director and Introduction of a Corporate Officer System
Tokyo Electron (TEL) announces that its Board of Directors has decided as follows on the candidates for Corporate Director on March 30, 2022. The official resolution on these matters will be made at the 59th Annual General Meeting of Shareholders scheduled for June 21, 2022. The Board also decided to introduce a system of Corporate Officers who are responsible for the execution of Group management.
Details
1. Candidates for Corporate Director
Toshiki Kawai (Reappointed)
Sadao Sasaki (Reappointed)
Yoshikazu Nunokawa (Reappointed)
Michio Sasaki (Reappointed, Outside Director)
Makiko Eda (Reappointed, Outside Director)
Sachiko Ichikawa (Reappointed, Outside Director)
2. Retiring Corporate Directors
Tetsuo Tsuneishi
Tatsuya Nagakubo
Kiyoshi Sunohara
Seisu Ikeda
Yoshinobu Mitano
Charles Ditmars Lake II (Outside Director)
3. Introduction of a Corporate Officer system
As TEL will transit to Prime Market of the Tokyo Stock Exchange, we are introducing a new Corporate Officer system in order to further strengthen corporate governance.
A Corporate Officer is a member of the newly established Corporate Officers Meeting, which will be the highest decision-making body on the executive side. As a member of this body, Corporate Officers will provide quick management decisions and agile operational execution in order to further promote growth-oriented group governance on global basis, as well as to grow short-, medium-, and long-term earnings and continually improve corporate value.
Corporate Officers (June 21, 2022)
Toshiki Kawai
Sadao Sasaki
Yoshikazu Nunokawa
Yoshinobu Mitano
Seisu Ikeda
Takeshi Okubo
Tatsuya Nagakubo
The executive officer structure beneath Corporate Officers will be maintained as before.