Announcement on Change of Representative DirectorsMarch 27, 2014
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 |