March 7, 2024 | |
Name of Company | Furukawa Electric Co., Ltd. |
Name of Representative | Hideya Moridaira, President |
(Code: 5801 Prime Market of the Tokyo Stock Exchange) | |
Contact | Hiroko Takita, |
General Manager of Investor Relations Dept.
Finance & Accounting Division
(TEL. +81-3-6281-8540)
Notice of Transfer of Executives and New Duties
At the meeting of the Board of Directors held on March 7, 2024, a decision was made on the transfer of executives and new duties, and a tentative decision was made on the transfer of several Directors. We hereby inform you of the details together with the revised organizational structure as of April 1, 2024.
1. As of March 31, 2024
(1) Retiring Corporate Vice Presidents
Name | New Position (from April 1) | Current Position and Duties | |
Akihiro | Director | Director, Corporate Senior Vice President | |
Fukunaga | and General Manager of the Finance & | ||
Accounting Division | |||
Shigenobu | Advisor, Automotive Products Division | Corporate Senior Vice President, General | |
Abe | Manager of the Automotive Products | ||
Division and President of Furukawa | |||
Automotive Systems Inc. | |||
(2) Retiring Senior Fellow | |||
Name | New Position (from April 1) | Current Position and Duties | |
Akihiko | ― | Senior Fellow, Photonics Laboratories, | |
Kasukawa | Research & Development Division | ||
2. As of April 1, 2024 | |||
(1) New Corporate Vice Presidents | |||
Name | New Position and Duties | Current Position | |
Takeshi | Corporate Vice President | General Manager, FITEL Products | |
Ogamino | (Duties remain unchanged) | Division, Communications Solutions | |
Division | |||
Akifumi | Corporate Vice President, | General Manager, Corporate Planning | |
Nakajima | General Manager, MONOZUKURI | Department, Strategy Division | |
Innovation Division | |||
Koji | Corporate Vice President, | General Manager, Finance & Accounting | |
Aoshima | General Manager, Finance & | Department, Finance & Accounting | |
Accounting Division | Division | ||
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Keiichi | Corporate Vice President, | President and CEO, American Furukawa, | |
Nishimura | Deputy General Manager, Automotive | Inc. | |
Products Division | |||
Hiroko | Corporate Vice President | General Manager, Investor Relations | |
Takita | Department, Finance & Accounting | ||
(Duties remain unchanged) | |||
Division | |||
Kentaro | Corporate Vice President, | General Manager, Quality Promotion | |
Sakamoto | President, Furukawa Automotive | Department, MONOZUKURI Innovation | |
Systems Inc. | Division | ||
(2) Promotions | |||
Name | New Position and Duties | Current Position and Duties | |
Teruyoshi | Corporate Senior Vice President, | Corporate Vice President, | |
Uchida | General Manager, Automotive Products | General Manager, MONOZUKURI | |
Division | Innovation Division | ||
Eiichi | Corporate Senior Vice President, | Corporate Vice President, | |
Nishimura | (Duties remain unchanged) | General Manager, Energy Infrastructure | |
Division | |||
(3) Change of Duties | |||
Name | New Position and Duties | Current Position and Duties | |
Toru | Corporate Vice President, | Corporate Vice President, | |
Fukushima | Deputy General Manager, Research & | General Manager, Sustainable Energy | |
Development Division | Succession Project Team and Deputy | ||
General Manager, Research & | |||
Development Division | |||
3. As of June 26, 2024 | |||
(1) Directors Scheduled to Retire | |||
Name | Position After Retirement | Position Before Retirement | |
Akihiro | Advisor, Finance & Accounting Division | Director | |
Fukunaga | |||
Osamu | ― | Outside Director | |
Tsukamoto | |||
(2) Candidates for New Director | |||
Name | New Position and Duties | Position and Duties Prior to Nomination | |
Koji | Director and Corporate Vice President | (Position through March 31) | |
Aoshima | (Duties remain unchanged from the | General Manager, Finance & Accounting | |
duties as of April 1) | |||
Department, Finance & Accounting | |||
Division | |||
(Position and Duties from April 1, 2024) | |||
Corporate Vice President, | |||
General Manager, Finance & Accounting | |||
Division | |||
Takeo | Outside Director | ― | |
Hoshino |
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4. Organizational Revisions as of April 1, 2024
(1)The Sustainable Energy Succession Project Team reporting directly to the president will be reorganized under the Research & Development Division.
(2)Abolish the Corporate Management Department located within the Finance & Accounting Division.
(3)Transfer the Marketing Department located within the Global Marketing Sales Division to the Strategy Division.
(4)Within the Global Sales Marketing Division, merge the Planning & Administration Department and Business Promotion Department in the Planning & Administration Department to form the Planning & Administration Department.
(5)Rename the Business Strategy Department located within the Energy Infrastructure Division to the Business Strategy Office.
(6)Newly establish the Engineering Department within the Electronics Component Material Division.
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Profiles of the Newly Appointed Corporate Vice Presidents | ||
Takeshi Ogamino | ||
Born June 15, 1963 | 60 years old | From Tokyo |
1988 | March | Completed graduate course in Metallurgical Engineering, Graduate |
School of Engineering, The University of Tokyo | ||
1988 | April | Joined Furukawa Electric Co., Ltd. |
2013 | April | General Manager, Industrial Laser Systems Department, FITEL |
Products Division | ||
2014 | July | General Manager, Industrial Laser Systems Department, Business |
Promotion Office, Strategy Division | ||
2015 | April | General Manager, Furukawa FITEL (Thailand) Co., Ltd. |
2016 | April | Managing Director, Furukawa FITEL (Thailand) Co., Ltd. |
2020 | November | Deputy General Manager, FITEL Products Division, Communications |
Solutions Division, Furukawa Electric Co., Ltd. | ||
2022 | April | General Manager, FITEL Products Division, Communications Solutions |
Division (Current position) |
◆Reason for appointment
Takeshi Ogamino has been engaged in the FITEL products business for most of his career. He possesses extensive overseas experience, including in the United States and Thailand. While Managing Director of Furukawa TITEL (Thailand), he reformed the organizational culture and transformed the company into an R&D hub. From 2022, he has continued to lead the business as General Manager of the FITEL Products Division. In his new role, he is expected to advance the business strategy through leadership that increases the motivation of those around him.
Akifumi Nakajima | |||
Born October 1, 1967 | 56 years old | From Hyogo Prefecture | |
1992 | March | Completed Master's Degree Program in Mechanical Engineering, Graduate | |
School of Science and Engineering, Kansai University | |||
1992 | April | Joined Furukawa Electric Co., Ltd. | |
2013 | March | Deputy Director, MONOZUKURI Innovation Center, Production Technology | |
Department | |||
2015 | May | Director, MONOZUKURI Innovation Center, Production Technology | |
Department, Production Technology Division | |||
2017 | January | General Manager, Planning Department, Production Technology | |
Department, Production Technology Division | |||
2017 | April | General Manager, Production Technology Planning Department, | |
MONOZUKURI Innovation Division | |||
2019 | April | General Manager, Strategy Planning Office, Corporate Planning | |
Department, Strategy Division | |||
2020 | April | General Manager, Corporate Planning Department, Strategy Division | |
(Current position) |
◆Reason for appointment
While building a career mainly in facility divisions, Akifumi Nakajima has been involved in the formulation and promotion of CAPEX strategies for the entire group, and he has played an integral role in increasing
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the accuracy of the CAPEX plans and the development of production processes and facility technology. Since 2020, as the General Manager of the Corporate Planning Department, he has greatly contributed to the formulation and execution of the 2022-2025Medium-term Management Plan "Road to Vision 2030 - Transform and Challenge". Leveraging his experience in formulating strategies covering the entire Furukawa Electric Group, he is expected to realize further advances in the group's monozukuri capabilities.
Koji Aoshima | |||
Born March 4, 1969 | 55 years old | From Aichi Prefecture | |
1992 | March | Graduated from the Faculty of Sociology, Kansai University | |
1992 | April | Joined Furukawa Electric Co., Ltd. | |
2008 | December | Manager, Internal Control Promotion Group, Management Department, | |
CSR Promotion Division | |||
2011 | March | Manager, Accounting Group, Copper Foil Business Department, Metals | |
Company | |||
2013 | June | Manager, Accounting Section 2, Corporate Accounting Department, | |
Finance & Procurement Division | |||
2013 | November | Manager, Accounting Section, Corporate Accounting Department, Finance | |
& Procurement Division | |||
2018 | April | General Manager, Corporate Accounting Department, Business | |
Management Division, Furukawa Automotive Systems Inc. | |||
2021 | April | General Manager, Finance & Accounting Department, Finance and Global | |
Management Division, Furukawa Electric Co., Ltd. | |||
2022 | April | General Manager, Finance & Accounting Department, Finance & | |
Accounting Division (Current position) |
◆Reason for appointment
During his career mainly in accounting divisions, Koji Aoshima has gained extensive knowledge and experience in accounting, and he played an integral role during the introduction of an internal control system (J-SOX) while involving a wide range of affiliated parties. Through his ability to accurately grasp the current status of the company, he is expected to realize further advancements to the company's finance strategy.
Keiichi Nishimura | |||
Born April 12, 1969 | 54 years old | From Mie Prefecture | |
1992 | March | Graduated from School of Law, Doshisha University | |
1992 | April | Joined Furukawa Electric Co., Ltd. | |
2006 | January | Deputy Managing Director and General Manager of the Finance | |
Department, | Furukawa Electric (Shenzhen) Co., Ltd. | ||
2009 | October | Manager, Global Business Promotion Group, Global Business Promotion | |
Office, Automotive Products Division, Electronics and Automotive Systems | |||
Company, Furukawa Electric Co., Ltd. | |||
2012 | April | Manager, Business Strategy Office (2Gr), Furukawa Automotive Systems | |
Inc. and Manager, Business Strategy Office (2Gr), Automotive Products | |||
Division, Furukawa Electric Co., Ltd. | |||
2015 | July | General Manager, Business Strategy Office, Furukawa Automotive | |
Systems Inc. and General Manager, Business Strategy Office, Automotive | |||
Products Division, Furukawa Electric Co., Ltd. | |||
2019 | December | General Manager, Corporate Management Department, Management | |
Division, Furukawa Automotive Systems Inc. | |||
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2021 | January | General Manager, Corporate Planning Department, Management Division, |
Furukawa Automotive Systems Inc. | ||
2021 | November | President and CEO, American Furukawa, Inc. (Current position) |
◆Reason for appointment
Since joining the company, Keiichi Nishimura has worked primarily at overseas businesses in the Automotive Products Division. During his career, he has greatly contributed to developing new businesses, establishing new overseas companies, withdrawing from unprofitable business and other aspects of business management. Leveraging his outstanding knowledge and experience in the automotive products business, he is expected to contribute to growing the business as Deputy General Manager of the Automotive Products Division.
Hiroko Takita | |||
Born January 28, 1971 | 53 years old | From Fukushima Prefecture | |
1993 | March | Graduated from Faculty of Letters, The University of Tokyo | |
1993 | April | Joined Furukawa Electric Co., Ltd. | |
2012 | April | Manager, Affiliate and Overseas Group, HR & General Affairs Division | |
2016 | April | Manager, HR & General Affairs Section 2, Administration and CSR Division | |
2016 | September | Manager, Group Global Management Promotion Office, Group Global | |
Management Promotion Division | |||
2017 | October | Team Leader, Work Style Reform Project Team, Strategy Division | |
2019 | May | Team Leader, Organization & Work Style Reform Team, Group Reform | |
Division | |||
2021 | April | General Manager, HR & Organizational Development Department, | |
Business Basis Transformation Division | |||
2022 | April | General Manager, HR & Organizational Development Department, Strategy | |
Division | |||
2023 | July | General Manager, Investor Relations Department, Finance & Accounting | |
Division (Current position) |
◆Reason for appointment
During her career mainly in HR divisions, Hiroko Takita has contributed to the transformation of HR systems and establishment of the Shared Service Center. She has been a strong leader of projects related to diversity, work style reform and organizational transformation. She possesses experience in promoting companywide projects as the PMO of the IT infrastructure system in the Corporate Planning Office. She has been in her current position since 2023. While maintaining a comprehensive view of the entire company based on her extensive experience in companywide projects, she is expected to promote IR activities that will lead to increased corporate value.
Kentaro Sakamoto | |||
Born August 17, 1968 | 55 years old | From Tokyo | |
1994 | March | Completed graduate studies in Mechanical Engineering, Graduate School | |
of Industrial Technology, Nihon University | |||
1994 | April | Joined Furukawa Electric Co., Ltd. | |
2000 | October | Manager, Maintenance & Facility Department, Furukawa Mexico S.A. De | |
C.V. | |||
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2006 | April | Manager, Electronic Component Production Technology Group, |
Manufacturing Department 2, Mie Electronics Works, Automotive Products | ||
Division, Electronics & Automotive Systems Company, Furukawa Electric | ||
Co., Ltd. | ||
2007 | October | Assistant Manager, Production Technology Group 1, Production |
Preparation Office, Functional Products Department, Production Division, | ||
Furukawa Automotive Systems Inc. | ||
2009 | April | Manager, Production Technology Group 1, Production Technology |
Department, Functional Products Department, Production Division, | ||
Furukawa Automotive Systems Inc. | ||
2015 | March | Managing Director, Furukawa Electric (Shenzhen) Co., Ltd. |
2018 | October | Managing Director, Furukawa Electric (Shenzhen) Co., Ltd. and Managing |
Director, Furukawa Automotive Systems Management (Shanghai) Co., Ltd. | ||
2019 | December | General Manager, Business Strategy Office, Furukawa Automotive |
Systems Inc. and General Manager, Business Strategy Office, Automotive | ||
Products Division, Electronics & Automotive Systems Division, Furukawa | ||
Electric Co., Ltd. | ||
2021 | January | General Manager, Next Generation MONOZUKURI Innovation Department, |
MONOZUKURI Innovation Division, Furukawa Automotive Systems Inc. | ||
2021 | March | General Manager, Next Generation Process Innovation Department, |
MONOZUKURI Innovation Division, Furukawa Automotive Systems Inc. | ||
2021 | April | Deputy General Manager, MONOZUKURI Innovation Division, Furukawa |
Automotive Systems Inc. | ||
2022 | April | General Manager, Quality Promotion Department, MONOZUKURI |
Innovation Division, Furukawa Electric Co., Ltd. (Current position) |
◆Reason for appointment
Kentaro Sakamoto possesses extensive global work experience, including the construction of a factory in Mexico and as managing director of automotive products subsidiaries in China, and throughout his overseas career, he has successfully achieved business growth and profitability. Since 2022, he has promoted groupwide quality improvements as General Manager of the Quality Promotion Department in the MONOZUKURI Innovation Division. While the automotive industry undergoes a major transformation, as President of Furukawa Automotive Systems Inc., he is expected to realize growth through the creation of next generation product lineups, including in domains that combine information, energy and mobility.
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Profiles of the Newly Nominated Director Candidates
Koji Aoshima
As stated above
◆Reason for nomination
Along with serving in key positions within the Finance & Accounting Division during his long career in the Finance & Accounting Division, he possesses extensive hands-on experience in internal control. As a director, he is expected to contribute to further strengthening group governance within Furukawa Electric Group.
Takeo Hoshino | |||
Born May 16, 1962 | 61 years old | From Tokyo | |
1987 | March | Completed Master's Degree Program in Metal Materials Engineering, | |
Graduate School of Engineering, The University of Tokyo | |||
1987 | April | Joined Ministry of International Trade and Industry (Presently Ministry of | |
Economy, Trade and Industry) | |||
2003 | June | Officer, Policy Planning and Research Office, Personnel Division, Ministry of | |
International Trade and Industry | |||
2004 | July | Assistant Manager of the San Francisco Office and Manager of the Business | |
Innovation Center, Japan External Trade Organization | |||
2007 | July | Director for Electronic Devices, Commerce and Information Policy Bureau, | |
Ministry of Economy, Trade and Industry | |||
2009 | July | Director, Technology Cooperation Division, Trade and Economic Cooperation | |
Bureau, Ministry of Economy, Trade and Industry | |||
2011 | July | Director, Nonferrous Metals Division, Manufacturing Industries Bureau, | |
Ministry of Economy, Trade and Industry | |||
2012 | July | Commissioner and Director-General for Information, National Institute of | |
Technology and Evaluation | |||
2013 | February | Director for Nuclear Incident Recovery, Reconstruction Agency | |
2014 | June | Director, Regional Economic and Industrial Policy Division, Regional | |
Economic and Industrial Group, Ministry of Economy, Trade and Industry | |||
2015 | April | Deputy Director-General for Industrial Technology and Standards | |
Certification, Ministry of Economy, Trade and Industry | |||
2016 | July | Deputy Director-General for Regional Economic and Industrial Policy, Ministry | |
of Economy, Trade and Industry | |||
Deputy Director-General, Town/ People/ Work Revitalization Headquarters, | |||
Cabinet Secretariat | |||
Deputy Secretary General, Office for the Promotion of Regional Revitalization | |||
Cabinet Secretariat | |||
2017 | July | Deputy Director-General, Nuclear Incident Disaster Response, Ministry of | |
Economy, Trade and Industry | |||
2018 | July | Retired from the Ministry of Economy, Trade and Industry | |
2018 | November | Research Fellow, Department of Materials Engineering, Graduate School of | |
Engineering, The University of Tokyo | |||
2019 | April | Project Professor, Department of Materials Engineering, Graduate School of | |
Engineering, The University of Tokyo (Current position) | |||
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2019 | September | Deputy General Manager, Division of University Corporate Relations, The |
2021 | March | University of Tokyo |
Retired from this position |
◆Reason for nomination
While serving as Deputy Director-General in the Ministry of Economy, Trade and Industry, Takeo Hoshino was responsible for an extremely broad range of industrial policy, including industrial technology policy, environmental measures, electronic devices and communications industry and response to the nuclear incident and tsunami. He possesses advanced knowledge and an extensive personal network. In particular, conducting climate friendly business activities while maintaining sustainable growth is an important issue for us as a company, and he is expected to contribute to robust discussions at the Board of Directors Meetings directed at solving this issue.
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Furukawa Electric Co. Ltd. published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2024 06:07:32 UTC.