Renesas Electronics Announces Changes in Executive Personnel and Organizational Structure

  Renesas Electronics Announces Changes in Executive Personnel and
  Organizational Structure

Business Wire

TOKYO -- May 28, 2013

Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of
advanced semiconductor solutions, today announced that the company made
decisions at a meeting of the Board of Directors held today on changes in its
Members of the Board, Corporate Auditors, Corporate Officers, and the
organizational structure as of June 26, 2013. The executive personnel changes
follow the changes in Representative Directors which were announced on May 9,
2013, in “Renesas Electronics Announces Changes in Representative Directors
and the Titles”.

The appointment of new Outside Directors and a new Outside Corporate Auditor
will come into effect after the Ordinary General Meeting of Shareholders (“the
shareholders meeting”) in June 26, 2013, if the capital injection through
third-party allotment to The Innovation Network Corporation of Japan (INCJ)
and 8 companies has been completed at least one day before the shareholders
meeting. If the capital injection is completed on or after the shareholders
meeting, the changes will become effective the day after the capital injection
is made.

1. Changes in Executive Personnel

1-1. Purpose of the Changes

Renesas resolved to change its executive personnel with the aim of speeding up
decision-making and execution of business in order to attain an earlier
recovery of business performance as well as future growth by completing
ongoing structural reforms and accelerating measures for growth.

1-2. Outline of the Changes

(1) Changes in Members of the Board

Name              New Position                  Former Position
Shigeo               Senior Vice President and        Senior Vice President
Mizugaki          Member of the Board           and Member of the Board
                     (Reappointment)
Yasushi Akao      Retiring                      Member of the Board
Masaki Kato       Retiring                      Member of the Board
Yoichi Yano       Retiring                      Member of the Board
Shozo Iwakuma     Retiring                      Member of the Board
Susumu            Retiring                      Outside Director
Furukawa
Masahiro          Retiring                      Member of the
Yamamura                                              Board(part-time)
Masayuki          Retiring                      Outside Director
Ichige
Tokuo Yamamoto    Retiring                      Outside Director
Haruyasu          Outside Director (New)        -
Asakura
Hidetoshi         Outside Director (New)        -
Shibata

Note 1: Representative Directors are not changed from the announcement,
“Renesas Electronics Announces Changes in Representative Directors, Corporate
Officers and Organizational Structure” on February 22, 2013.

Note 2: The appointment of two new Outside Directors will come into effect
after the shareholders meeting in June 26, 2013, if the capital injection
through third-party allotment to The Innovation Network Corporation of Japan
(INCJ) and 8 companies has been completed at least one day before the
shareholders meeting. If the capital injection is completed on or after the
shareholders meeting, the changes will become effective the day after the
capital injection is made.

Note 3: See the attachment for brief biographies of the two new Outside
Directors.

(2) Changes in Corporate Auditors

Name                   New Position                   Former Position
Junichiro Nishi        Retiring                       Corporate Auditor
Yoshihito Kitamatsu    Retiring                       Outside Corporate
                                                            Auditor
Takeshi Sekine         Outside Corporate Auditor      -
                          (New)

Note 1: The appointment of a new Outside Corporate Auditor will come into
effect after the Ordinary General Meeting of Shareholders (“the shareholders
meeting”) in June 26, 2013, if the capital injection through third-party
allotment to The Innovation Network Corporation of Japan (INCJ) and 8
companies has been completed at least one day before the shareholders meeting.
If the capital injection is completed on or after the shareholders meeting,
the changes will become effective the day after the capital injection is made.

Note 2: See the attachment for a brief biography of the new Outside Corporate
Auditor.

(3) Changes in Corporate Officers (As of June 26, 2013)

Name                New Position               Former Position
Hideo Tsujioka      Retiring                   Corporate Officer
Masahiko Sagawa     Retiring                   Corporate Officer
Toshihide Suzuki    Corporate Officer (New)    Vice President

Note 1: There are no changes in the other current Corporate Officers, Osamu
Nogimura, Manabu Kawashima, Takeshi Noguchi and Ryuji Omura.

Note 2: See the attachment for a brief biography of the new Corporate Officer.

2. Changes in Organizational Structure
2-1. Establishment of the Corporate Planning Unit
Renesas aims to achieve an earlier recovery of business performance and future
growth under the new management structure following the changes in executive
personnel announced today. Therefore Renesas is going to establish the
Corporate Planning Unit which will oversee the Corporate Planning Division,
the Legal & Compliance Division, the Finance & Accounting Division and the
Human Resources & General Affairs Division to ensure a robust management
structure. This structure will enable close divisional cooperation during the
creation of business strategy and during its implementation. Tetsuya
Tsurumaru, Representative Director, President and COO, will also be Chief of
the Corporate Planning Unit from June 26. 2013.

2-2. Outline of the Changes
Renesas is going to establish the Corporate Planning Unit which will
incorporate the Corporate Planning Division, the Legal & Compliance Division,
the Finance & Accounting Division and the Human Resources & General Affairs
Division.

2-3. Schedule
The new organization is scheduled to be launched on June 26. 2013.

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.

Attachment

            Biographies of the Newly Appointed Outside Directors,

               Outside Corporate Auditor and Corporate Officer

<Newly Appointed Outside Directors>
Name
                     Brief Employment History, Position
(Date of Birth)
Haruyasu Asakura     April 1984        Joined Mitsubishi Corporation.
(April 16, 1961)        October 1999         Joined Apax Grobis Partners & Co.
                                             as a Partner
                        February 2001        Joined Carlyle Japan LLC. as a
                                             Managing Director
                                             Joined Innovation Network
                    July 2009         Corporation of Japan. as a Chief
                                             Operating Officer (to the
                                             present)
Hidetoshi Shibata       April 1995           Joined Central Japan Railway
                                             Company
(November 16,           August 2001          Joined MKS Partners Limited as a
1972)                                        Principal
                        August 2004          Partner, MKS Partners Limited
                                             Joined Global Private Equity,
                        October 2007         Merrill Lynch Japan Securities
                                             Co., Ltd as a Managing Director
                                             Joined Innovation Network
                        September 2009       Corporation of Japan as a
                                             Managing Director,
                                             Executive Managing Director,
                    June 2012         Innovation Network Corporation of
                                             Japan (to the present)
                                             

<Newly Appointed Outside Corporate Auditor>
Name
                       Brief Employment History, Position
(Date of Birth)
                                              Joined Deloitte Touche Tohmatsu
Takeshi Sekine         October 1991     LLC ( formerly Deloitte Touche
                                              Tohmatsu)
(February 19, 1961)       August 1995         Registered Certified Public
                                              Accountant
                                              Joined Economic and Industrial
                          April 2002          Policy Bureau, Minister of
                                              Economy, Trade and Industry
                                              Revested Deloitte Touche
                          July 2006           Tohmatsu LLC ( formerly Deloitte
                                              Touche Tohmatsu)
                                              Joined Innovation Network
                          December 2009       Corporation of Japan as a
                                              Managing Director
                                              Executive Managing Director,
                      June 2012        Innovation Network Corporation
                                              of Japan (to the present)
                                              

<Newly Appointed Corporate Officer>
Name
                    Brief Employment History, Position
(Date of Birth)
Toshihide Suzuki    April 1988       Joined Nomura Securities Co., Ltd.
(July 26, 1964)        April 2005          Joined M&A Consulting, INC as a
                                           Managing Director,
                       January 2007        Joined CFC Research, Inc. as a
                                           Representative Director.
                       November 2007       Joined K. K. daVinci Advisors as a
                                           Senior Manager,
                       April 2008          Joined CFC Research, Inc. as a
                                           Senior Advisor,
                                           Joined OMRON Corporation as a
                       January 2009        General Manager of M&A Planning
                                           Dept.
                       April 2011          General Manager, Corporate Planning
                                           Dept., OMRON Corporation
                                           Joined Renesas Electronics
                   May 2013         Corporation as a Vice President (to
                                           the present)
                                           

Contact:

Renesas Electronics Corporation
Yoichi Kobayashi, + 81-3-6756-5555 (Japan)
yoichi.kobayashi.yk@renesas.com
 
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