OMRON Announces Spin-off of Social Systems Business (Simple Absorption-type Split)
FOR IMMEDIATE RELEASEJanuary 17, 2011
| Company Name: | OMRON Corporation |
|---|---|
| Representative: | Hisao Sakuta, President & CEO |
| Stock ticker No.: | 6645 |
| Stock Exchanges: | Tokyo and Osaka (First Sections) |
| Contact: | Arlo Cook Corporate Communications Department |
| Telephone: | +81-3-3436-7202 |
Tokyo, Japan - Following a resolution at a Board of Directors meeting held today, OMRON Corporation (TSE: 6645; ADR: OMRNY) announced several Representative Director changes. A formal decision regarding the changes (outlined below), will be made following approval at an Ordinary General Meeting of Shareholders in June of this year and a subsequent Board of Directors meeting.
Reason for the Changes
OMRON's new 10-year long-term strategy will come into effect in April 2011.
It was decided that a new management regime would be necessary to ensure rapid implementation of this new strategy.- Names and Positions of New and Retiring Representative Directors
- (1) Representative Director Changes
-
Name Current Position New Position Hisao Sakuta President & CEO Chairman of the Board of Directors Yoshihito Yamada Managing Officer President & CEO - (2) Retiring Representative Director
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Name Current Position New Position Yoshio Tateisi Chairman of the Board of Directors Honorary Chairman
Proposed Date of Appointment
The day of the Ordinary General Meeting of Shareholders (to be held in June 2011)Brief Biographical Profile of New Representative Director
Name: Yoshihito Yamada Date of Birth: 30.Nov.61 Birth Place: Osaka Prefecture Career: President & CEO of OMRON Corporation (planned) June 2011 Managing Officer of OMRON Corporation from June 2010 Senior General Manager of OMRON Corporation's Corporate Planning H.Q. from March 2010 Executive Officer of OMRON Corporation from June 2008 President & CEO of OMRON Healthcare Co. Ltd (Japan) from June 2008 Executive Officer of OMRON Healthcare Co. Ltd (Japan) from April 2006 President of OMRON Healthcare Europe B.V. from April 2003 Vice-President of OMRON Healthcare Inc. (USA) from October 2001 OMRON Tateisi Electronics Co. (now OMRON Corporation) from April 1984 Education: Doshisha University, graduated from Faculty of Economics, March 1984 Interests: Music, reading, golf Motto: "Be just and fear not" No. of OMRON Shares Held: 2,800
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