SUMIDA: Company News
SUMIDA CORPORATION would like to announce that the Nomination Committee resolved the following eight (8) candidates for the Board of Directors. The membership as director will take effect subject to the approval of shareholders at the coming 64th Term Annual General Meeting of Shareholders scheduled for March 24, 2019.
1. Candidates for the Board of Directors
| Name | Current position at Sumida |
| 1. Shigeyuki Yawata | Director, Representative Executive Officer and CEO (Chairman of the Risk Management Committee) |
| 2. Johji Sato | Outside director (member of the Audit Committee) |
| 3. Pak Hong Auyang | Outside director (Chairman of the Nomination- and the Compensation Committee) |
| 4. Yukihiro Moroe | Outside director (member of the Audit-, the Nomination- and the Compensation Committee) |
| 5. Atsushi Kato | Outside director (Chairman of the Audit Committee, member of the Risk Management Committee) |
| 6. Michael Mühlbayer | Outside director (member of the Nomination- and the Compensation Committee) |
| 7. Masako Miyatake | Proposed candidate for an outside director - no current position at Sumida |
| 8. Tatsuo Umemoto | Proposed candidate for an outside director - no current position at Sumida |
Note:
Messrs. Johji Sato, Pak Hong Auyang, Yukihiro Moroe, Atsushi Kato, Michael Mühlbayer, Ms. Masako Miyatake and Mr. Tatsuo Umemoto are candidates as outside directors. After the election as outside directors at the coming 64th Term Annual General Meeting of Shareholders, they will be registered as independent directors pursuant to the regulations of the Tokyo Stock Exchange.
2. Brief personal profile of the proposed new candidates for the Board of Directors and reasons for the nomination
(1)
| Ms. Masako Miyatake (born: August 19, 1958) | |
| Apr. 1983 | Joined The Chase Manhattan Bank N.A |
| Oct. 2002 | Registered as Attorney (Daini Tokyo Bar Association) ); Erasion of the registration in 2011 to study abroad, Reregistration in 2014 |
| Oct. 2002 | Joined Koga & Partners |
| Jun. 2004 | Joined Nishimura & Asahi (formerly Asahi & Koma Law Offices) |
| Nov. 2014 | Joined Nakano Law Office |
| Nov. 2014 | Reconciliator, Dispute Reconciliation Center for Nuclear Damage Compensation regarding Fukushima Nuclear Plant, Ministry of Education, Culture, Sports, Science and Technology (To date) |
| Apr. 2015 | Conciliation Commissioner, Tokyo Family Court (To date) |
| Feb. 2018 | Researcher, Keio Institute for Global Law and Development (To date) |
| Apr. 2018 | Joined Blakemore & Mitsuki (To date) |
| Dec. 2018 | Deputy Secretary-General, Japan International Dispute Resolution Center (To date) |
<Reasons for the election of candidate nominated for outside director>
Ms. Masako Miyatake has accumulated a wealth of experience as an international lawyer over many years. She currently works as a lawyer with accumulated expertise in the fields of international transactions, finance, corporate governance and litigation and arbitration. The Company proposed her as a candidate for outside director because it expects her to oversee and check management based on her insight which is especially informed by her experience in cross-border transactions and her global perspective. The Company judges she will appropriately fulfill her duties as an outside director based on the above reasons.
(2)
| Mr. Tatsuo Umemoto (born: September 14, 1956) | |
| Apr. 1979 | Joined Nippon Telegraph and Telephone Public Corporation (Currently NIPPON TELEGRAPH AND TELEPHONE CORPORATION) |
| Aug. 1985 | Joined Bain & Company Japan, Inc. |
| Sep. 1991 | Joined Schroder PTV Partners KK (Currently MKS Partners) |
| Apr. 1995 | Transferred to SAZABY, Ltd. (Currently SAZABY LEAGUE, Ltd.), Director and General Manager of Corporate Planning Office |
| Chief Launch Officer of launch of Starbucks Coffee Japan, Ltd. | |
| Chief Project Officer of “Second Foundation” (corporate revitalization) Project | |
| Chief Planning Officer (from 2000) | |
| Jan. 2005 | Established IGRAM LIMITED, Representative Director (To date) |
| Aug. 2011 | Established LEAGUE MILLION INC. on Aug. 9, 2011, Representative Director |
| Apr. 2015 | Specially Appointed Professor at Graduate School of Social Design Studies, Rikkyo University (To date) |
| Jun. 2016 | Councilor, THE KIYOSHI HAYAKAWA FOUNDATION (To date) |
| Apr. 2017 | Outside Director, Forum Engineering Inc. (To date) |
<Reasons for the election of candidate nominated for outside director>
Mr. Tatsuo Umemoto has accumulated a wealth of international experience as a management consultant and corporate executive over many years. He has played leading roles in the launches of multiple companies, including Starbucks Coffee Japan, Ltd., and he currently works as an advisor in various fields and as a Specially Appointed Professor at Graduate School of Rikkyo University. The Company proposed him as a candidate for outside director because it expects him to oversee and check management based on his insight which is especially informed by his experience in business strategy, business planning, new business development, organization personnel, competency development, and marketing and branding.