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Announcement on Change of Representative DirectorsMarch 27, 2014Press Releases

NTN Corporation (hereafter, NTN) announces that its Board of Directors approved on March 25, 2014, a resolution to change the Representative Directors as described below.

This change, dated for June 25, 2014, will become an official decision by the Board of Directors after approval of appointment of the Representative Directors at the FY2013 annual meeting of stockholders to be held on the same day.

1. Reason for change

To increase the speed of various actions under the medium-term management plan “Revival 2014” and further strengthen the financial framework. Accelerating global expansion with a three-business (aftermarket, industrial machinery, automotive) headquarters structure, as well as building on the social responsibility and global human resources development of group companies around the world will usher in a new stage of growth in time to mark the company's 100th anniversary in 2018.

2. Details of change

(1) Planned changes, April 1, 2014

Name New Position Former Position
Yasunobu Suzuki Chairman Chairman and CEO
Representative Director
Hiroshi Ohkubo Executive Vice President
Representative Director
Managing Director

(2) Planned changes, June 25, 2014

Name New Position Former Position
Shigeyoshi Takagi Retired President
Representative Director
Hiroshi Ohkubo President
Representative Director
Executive Vice President
Representative Director
Hironori Inoue Executive Managing Director
Representative Director
Managing Director

3. Name and profile of the new Representative Directors

Name Hiroshi Ohkubo
Date of birth May 14, 1953
Birthplace Kanagawa Prefecture, Japan
Academic background Department of Commerce, Faculty of Business and Commerce, Keio University
Business career April 1977 Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation)
March 1985 NTN Bearing Corp. of America
April 1995 Accounting Department
December 1996 NTN-BCA Corp.
April 2004 Deputy Manager of Finance Department
October 2005 NTN Waelzlager (Europa) G.m.b.H.
April 2010 Executive Officer (in charge of Finance and Accounting Department, Budget Department)
June 2012 Director (in charge of Finance Headquarters, Legal Department, Fair Trade, Internal Audit Department)
June 2013 Managing Director (in charge of Management Department) (current position)
Ownership of stocks   27,000

Name Hironori Inoue
Date of birth July 29, 1951
Birthplace Hiroshima Prefecture, Japan
Academic background Department of Mechanical Engineering, Faculty of Engineering, The University of Tokushima (majored in precision machinery engineering)
Business career April 1976 Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation)
April 1998 Production Management Department
April 2001 NTN Kugellagerfabrik (Deutschland) G.m.b.H.
October 2005 Deputy Corporate General Manager, Monozukuri Headquarters
January 2008 General Manager of Okayama Works
April 2009 Executive Officer (General Manager of Okayama Works)
November 2009 Executive Officer (General Manager of Kuwana Works)
June 2010 Director (Deputy Corporate General Manager of Industrial Business Headquarters, General Manager of Kuwana Works)
June 2011 Director (in charge of Production, Procurement/Cost and Logistics Departments)
June 2012 Managing Director (in charge of Production, Procurement/Cost and Logistics Departments) (current position)
Ownership of stocks   30,000

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