Change in Representative Directors
February 9, 2016
Asahi Kasei Corp.
Asahi Kasei Corp.
In accordance with Article 370 of the Companies Act and Article 24 of the Articles of Incorporation of Asahi Kasei Corp., the Board of Directors of Asahi Kasei today adopted a resolution for a change in the Representative Directors of Asahi Kasei and its subsidiary Asahi Kasei Construction Materials Corp., as shown below.
Reason for the change
A new management configuration was deemed necessary to delineate management responsibility related to the precast concrete pile installation issue at Asahi Kasei Construction Materials, and to advance the recovery of trust in and the sustainable growth of the Asahi Kasei Group as a whole.
Substance of the change
1. Asahi Kasei Corp.
| Name | Current office | New office | |
|---|---|---|---|
| As of April 1, 2016 | After the General Meeting of Shareholders in June 2016 | ||
| Hideki Kobori | Representative Director, Primary Executive Officer | President & Representative Director, Presidential Executive Officer | President & Representative Director, Presidential Executive Officer |
| Toshio Asano | President & Representative Director, Presidential Executive Officer | Director, Standing Counsellor | Standing Counsellor |
| Masahito Hirai | Representative Director, Vice-Presidential Executive Officer |
Director, Asahi Kasei Homes Corp. Counsellor | Asahi Kasei Homes Corp. Counsellor |
2. Asahi Kasei Construction Materials Corp.
| Name | Current office | New office | |
|---|---|---|---|
| As of April 1, 2016 | |||
| Masateru Sakai | Director, Senior Executive Officer | President & Representative Director, Presidential Executive Officer | |
| Tomihiro Maeda | President & Representative Director, Presidential Executive Officer | Asahi Kasei Corp. Advisor to the President | |
See attachment: Biography of the new President & Representative Director (as of February 9, 2016)