May 14, 2004
| Company Name: | Kanematsu Corporation |
| Name of the Representative: | Tadashi Kurachi, President and Representative Director |
| (Code No.: 8020, first section of the Tokyo Stock Exchange and the Osaka Securities Exchange) | |
| Contact for Inquiries: | Kazumasa Sato, Public Relations Department (Tel: 03-5440-8000) |
Notification of Personnel Changes of Representative Directors and Other Management
Kanematsu Corporation announces that it has unofficially decided on personnel changes relating to the representative directors and other executives as follows: These personnel changes are to be officially decided at the 110th General Meeting of Shareholders and the subsequent meeting of the Board of Directors, both of which are scheduled on June 25, 2004.
- Personnel Change of President and Representative Director
New Position Current Position Name Chairman and Representative Director President and Representative Director Tadashi Kurachi President and Representative Director Executive Vice President and Representative Director Yoshihiro Miwa - Candidates for Executive Positions
New Position Current Position Name Executive Vice President and Representative Director Managing Executive Officer, The Bank of Tokyo-Mitsubishi, Ltd. Masaharu Hamakawa Director Adviser Hitomi Sato (Until March 2004, Counselor, Mizuho Corporate Bank, Ltd.) Director Company President, Devices Company Fumihiko Nashimoto Auditor Auditor, Memorex Telex Japan Ltd. Kiyoshi Yamada - Retiring Statutory Auditor
Statutory Auditor (Standing) Hiroaki Kusui - Personnel Changes of Directors
New Position Current Position Name Managing Director Director Takashi Nagoya Managing Director Director Hideaki Morito
Please refer to the attached brief histories for details of the new President and candidates for executive positions, together with the areas for which Directors and Statutory Auditors are responsible effective June 25, 2004.
BRIEF HISTORY
| Name: | Yoshihiro Miwa |
| Date of Birth: | September 17, 1946 |
| Birthplace: | Kanagawa Prefecture |
EDUCATION
| MAR 1969 | Graduated from Faculty of Economics, Keio University |
PROFESSIONAL CAREER
| APR 1969 | Joined Kanematsu-Gosho Ltd. (currently Kanematsu Corporation) Assigned to Section II, Machinery Department III, Tokyo Branch |
| MAR 1971 | Sent on secondment to Kanematsu Bowlmor Corporation |
| JAN 1974 | Section II, Industrial Machinery I, Tokyo Head Office |
| MAR 1974 | Technological System Department, Tokyo Head Office |
| MAR 1978 | Sent on secondment to Kanematsu Electronics Ltd. |
| JUL 1982 | Aeroplane Section, Aeroplane Department, Tokyo Head Office |
| MAY 1983 | New York Office, Kanematsu-Gosho USA, Inc. |
| DEC 1989 | Section Chief of Aeroplane Section, Aeroplane Department, Tokyo Head Office |
| JAN 1990 | Company name changed to Kanematsu Corporation; Section Chief of Aeroplane Section, Aeroplane Department, Tokyo Head Office |
| APR 1993 | Deputy General Manager of Aeroplane Department, Tokyo Head Office |
| APR 1994 | General Manager of Aeroplane Department, Tokyo Head Office |
| APR 1998 | Counselor and Deputy Head of Industrial Electronics and Semiconductor Division |
| MAY 1998 | Deputy Head of Industrial Electronics and Semiconductor Division, and General Manager of Industrial Electronics Department, Tokyo Head Office |
| APR 1999 | Head of Industrial Electronics and Semiconductor Division |
| JUN 1999 | Director |
| APR 2000 | Director responsible for IT Division |
| JUN 2001 | Managing Director, responsible for IT Division (Semiconductor Dept., ATE Solutions Dept., Aeroplane Dept. and Administration Office); also in charge of Personnel |
| JUN 2002 | Responsible for Plant Division, Traffic & Personnel; Chairman of JAS Organic Committee |
| OCT 2002 | Responsible for Plant Division, Life Science (Life Science Dept.) Division, Traffic & Personnel; Chairman of JAS Organic Committee |
| JUN 2003 | Executive Vice President; assistant to the President, and responsible for Internal Auditing Office and Real Estate Business, Business Administration, and Life Science & Energy Division |
| APR 2004 | Assistant to the President, responsible for Internal Auditing Department, real estate business, and Life Science & Energy Division |
| JUN 2004 | To be appointed President |
BRIEF HISTORY
| Name: | Masaharu Hamakawa |
| Date of Birth: | April 6, 1945 |
| Birthplace: | Aichi Prefecture |
EDUCATION
| JUN 1969 | Graduated from Faculty of Law, The University of Tokyo |
PROFESSIONAL CAREER
| JUL 1969 | Joined The Bank of Tokyo, Ltd. (currently The Bank of Tokyo-Mitsubishi, Ltd.); assigned to the Shinbashi Branch |
| NOV 1976 | Assistant General Manager of Personnel Department |
| AUG 1980 | Assistant General Manager of Securities Department |
| OCT 1983 | Assigned to Bank of Tokyo International Ltd. (London) |
| APR 1987 | Deputy Senior Officer, London Branch of the Bank of Tokyo, and assistant to Managing Director in Europe |
| FEB 1988 | Sub-Manager of Planning Office (The Bank of Tokyo, Ltd., Head Office |
| FEB 1992 | Counsellor of Personnel Department (sent to Harvard Business School AMP) |
| May 1992 | Senior Officer of Financial Development Department |
| JUN 1992 | Assigned to BOT Financial Corporation (Boston) |
| JUN 1995 | Senior Officer assisting Managing Director in New York, responsible for Americas APR 1996 Merger and establishment of The Bank of Tokyo-Mitsubishi, Ltd.; General Manager of New York Branch and Cayman Branch |
| JUN 1996 | Appointed to Director and General Manager of New York Branch and Cayman Branch |
| SEP 1997 | Director and General Manager of Personnel Department |
| MAY 1999 | Director and General Manager of Planning Department |
| JUN 2000 | Appointed to Managing Director |
| APR 2001 | Managing Director and Director of Mitsubishi Tokyo Financial Group, Inc. |
| MAY 2002 | Managing Director and Head of Marketing Division II |
| JUN 2002 | Managing Executive Officer and General Manager of Marketing Division II |
| JUN 2004 | Will retire as Managing Executive Officer of The Bank of Tokyo-Mitsubishi, Ltd.; to be appointed Executive Vice President and Director of Kanematsu Corporation |
BRIEF HISTORY
| Name: | Hitomi Sato |
| Date of Birth: | November 5, 1948 |
| Birthplace: | Hokkaido Prefecture |
EDUCATION
| MAR 1972 | Graduated from Faculty of Economics, The University of Tokyo |
PROFESSIONAL CAREER
| APR 1972 | Joined The Dai-Ichi Kangyo Bank, Ltd. Assigned to Kawasaki Branch |
| JUL 1980 | Singapore Branch |
| APR 1987 | Assistant Manager of International Finance Group, International Finance Department |
| AUG 1987 | Assistant Manager of Europe Department |
| APR 1989 | Assigned to Personnel Department I |
| JUL 1990 | Chief Assistant Manager of Planning Department |
| JUL 1991 | Inspector, Inspection Department |
| FEB 1992 | Sub-Manager, Marketing Group II |
| May 1994 | Deputy General Manager, London Branch |
| JUL 1998 | General Manager of Marketing Department V |
| JAN 2001 | General Manager of Taipei Branch |
| APR 2002 | Merger to establish Mizuho Corporate Bank; General Manager of Taipei Branch |
| JUL 2003 | Counselor assigned to International Business Administration Department |
| MAR 2004 | Adviser, Kanematsu Corporation |
| JUN 2004 | To be appointed Director |
BRIEF HISTORY
| Name: | Fumihiko Nashimoto |
| Date of Birth: | April 3, 1953 |
| Birthplace: | Birthplace: Tokyo Prefecture |
EDUCATION
| MAR 1976 | Graduated from School of Science and Engineering, Waseda University |
PROFESSIONAL CAREER
| APR 1976 | Joined Kanematsu Semiconductor Corp. |
| APR 1981 | Section Chief of Section I, Parts Business Department I |
| APR 1986 | General Manager of Parts Business Department II |
| MAR 1990 | Director |
| OCT 1995 | Managing Director |
| APR 1997 | Senior Managing Directo |
| APR 1998 | Executive Vice President |
| APR 1999 | President |
| APR 2001 | Company name changed to Kanematsu Devices Corporation; Senior Managing Director and Semiconductor Company President |
| OCT 2003 | Merger with Kanematsu Corporation; Executive Officer and Device Company President |
| JUN 2004 | To be appointed Director and Device Company President |
BRIEF HISTORY
| Name: | Kiyoshi Yamada |
| Date of Birth: | March 19, 1946 |
| Birthplace: | Tokyo Prefecture |
EDUCATION
| MAR 1970 | Graduated from Faculty of Letters and Science, Chiba University |
PROFESSIONAL CAREER
| APR 1970 | Joined Kanematsu-Gosho Ltd. (currently Kanematsu Corporation) |
| MAR 1984 | Deputy General Manager of Light Machinery Department, Kanematsu-Gosho GmbH |
| APR 1991 | Section Chief of Section I, Osaka Electronic Machinery Department, Kanematsu Corporation (company name changed in January 1990) |
| APR 1992 | Management Planning Office |
| JAN 1996 | Tokyo Audit Office |
| JUN 1999 | General Manager of Audit Office |
| APR 2001 | Audit Office |
| JUN 2001 | Auditor, Memorex Telex Japan Ltd. |
| JUN 2003 | Concurrently appointed Auditor of Memorex Technical Services Co., Ltd. |
| JUN 2004 | To retire as Auditor for Memorex Telex Japan Ltd.; to retire as Auditor for Memorex Technical Services Co., Ltd.; to be appointed Statutory Auditor, Kanematsu Corporation |
Areas for which Directors and Statutory Auditors are Responsible
June 25, 2004
| Position | Name | Responsible Areas | ||||||||||
| Chairman and Representative Director | Tadashi Kurachi | |||||||||||
| President and Representative Director | Yoshihiro Miwa | |||||||||||
| Executive Vice President and Representative Director | Masaharu Hamakawa | Assistant to the President, responsible for Internal Auditing Department, affiliated business, real estate business and Energy Division; Chairman of Security and Export Administration Committee | ||||||||||
| Managing Directors |
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| Directors |
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| Statutory Auditors | Koji Ikeda Kiyoshi Yamada Tadashi Onishi Shuzaburo Izuka |
(11 Directors and 4 Statutory Auditors)