Notice of Changes of Chairman, President and Board Members

Toyota Tsusho Corporation announces that its Board of Directors resolved at a meeting held on February 2, 2018 that the following personnel changes of Chairman, President and Board Members be made.

1. Reason for the changes

To rejuvenate the company’s top management and make a new leap forward.

2. Details of the changes

NameNewCurrent
Satoshi Ozawa Senior Advisor to the Board Chairman of the Board
Jun Karube Chairman of the Board President & CEO
Ichiro Kashitani President & CEO Senior Managing Executive Officer, Chief Division Officer of Automotive Division

3. Scheduled date of assumption of office

April 1, 2018

Note:
Satoshi Ozawa will retire from the Board of Directors and become a Senior Advisor to the Board  following resolutions at the General Meeting of Shareholders in June 2018 and the Board of Directors meeting to be held after its completion.

Jun Karube will continue as Chairman of the Board following resolutions at the Ordinary General Meeting of Shareholders in June 2018 and the Board of Directors meeting to be held after its completion.

Ichiro Kashitani will become President & CEO following resolutions at the Ordinary General Meeting of Shareholders in June 2018 and the Board of Directors meeting to be held after its completion.

4. Brief career summary of new President & CEO

New position
President & CEO
Name
Ichiro Kashitani
Date of birth
April 25, 1959 (58 years old)
Brief biography
April 1983 Joined Toyota Tsusho
June 2011 Executive Officer
April 2015 Managing Executive Officer
June 2016 Managing Director
April 2017 Member of the Board, Senior Managing Executive Officer
June 2017 Senior Managing Executive Officer

Back