SUMIDA: Company News

Candidates for the Board of Directors

February 10th 2015 Press Release

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.

Please click on the press release link above for the full pdf version of this article. 


General Enquiries:
PR/IR Team
Tel: +81-3-6758-2473

Archive