Renesas Electronics Announces Changes in Representative Directors and the Titles Business Wire TOKYO -- May 09, 2013 Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, made the following decisions at a meeting of the Board of Directors held today on the nomination of part of a candidate for the Member of the Board to be submitted for approval at the Ordinary General Meeting of Shareholders held in June 2013 and the changes in its Representative Directors as well as the titles to be officially appointed at a meeting of the Board of Directors scheduled after the Ordinary General Meeting of Shareholders. 1. Purpose of the Change in Representative Director and the Titles Renesas has been pursuing the establishment of a robust and profitable structure by engaging in structural reforms. At the same time, as announced on December 10, 2012, in “Renesas Electronics Announces Share Issue through Third-party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies”, Renesas also plans to boost its capital for implementing growth investments in focused areas securing the recovery of its business performance along with establishing a financial base that is resistant to drastic market changes. Under such circumstances, Renesas resolved the nomination of Representative Director, Chairman and CEO as well as the changes in the titles of its Representative Directors at a meeting of the Board of Directors held today, on the condition that the official appointment will be made after approvals at the Ordinary General Meeting of Shareholders and a meeting of the Board of Directors held in June 2013, with the aim of strengthening the management structure intended for an earlier recovery of business performance and future growth. 2. Outline of the Changes Name New Position and Title Former Position and Title Hisao Sakuta Representative Director, Chairman of the Board of Chairman and CEO Directors, OMRON Corporation* Tetsuya Tsurumaru Representative Director, Representative Director, President and COO President Hisao Sakuta is scheduled to retire from the Director of OMRON * Note: Corporation after the company’s Ordinary General Meeting of Shareholders on June 20, 2013. 3. Biography of the New Representative Director Name Number of Date of Birth Biography Renesas’ Shares Held April 1968 Joined OMRON Corporation September 1987 Manager, Business Management Department, Automotive Electronic Components Division, Control Components Divisions HQ September 1989 General Manager, Temperature Control Components Devices Hisao Division, Control Components Divisions HQ Sakuta September 1992 Senior General Manager, Strategy Planning Division,Industrial Business Group 0 shares June 1995 Director, OMRON Corporation September 6, June 1999 Managing Officer, 1944 Omron Corporation Senior General Manager, Corporate Planning Division June 2001 Senior Managing Officer, Omron Corporation Company President, Electronic Components Business Company June 2003 CEO and Representative Director, OMRON Corporation June 2012 to present Chairman of the BOD 4. Schedule The nomination of a candidate of the Member of the Board is planned to be approved at the Ordinary General Meeting of Shareholders scheduled in June 2013. Then the new Member of the Board will be officially appointed as a Representative Director at a meeting of the Board of Directors after the Ordinary General Meeting of Shareholders. Other executive personnel changes excluding the above will be announced soon after decided. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE: 6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com. Contact: Media Contacts: Japan Renesas Electronics Corporation Yoichi Kobayashi, + 81-3-6756-5552 email@example.com
Renesas Electronics Announces Changes in Representative Directors and the Titles
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