Mitsubishi Electric Corporation has announced the candidates for Directors who will be proposed for election at the Ordinary General Meeting of Shareholders in June 2024. The election of the candidates took place at the meeting of the Nomination Committee on March 29, 2024.
The Director candidates, along with their current positions, are as follows:
– Tatsuro Kosaka (Director, Senior Advisor, Chugai Pharmaceutical Co., Ltd.)
– Hiroyuki Yanagi (Director, Adviser, Yamaha Motor Co., Ltd.)
– Masako Egawa (Director, Chancellor, Seikei Gakuen)
– Haruka Matsuyama (Director, Attorney-at-law, Partner, Hibiya Park Law Offices)
– Kunihito Minakawa (Financial Services Agency Certified Public Accountants and Auditing Oversight Board Commissioner) [new candidate]
– Peter D. Pedersen (Executive Director, NELIS, a corporation engaging in specified non-profit activities) [new candidate]
– Kei Uruma (Director, Representative Executive Officer, President & CEO)
– Kuniaki Masuda (Director, Executive Officer, CFO)
– Satoshi Takeda (Director, Executive Officer, CSO, CDO)
– Atsuhiro Yabu (Executive Officer, Group President, Automotive Equipment) [new candidate]
Important notes regarding the Director candidates:
– The titles in parentheses represent their current positions and assignments at Mitsubishi Electric and any important concurrent positions at other companies as of March 29, 2024.
– Kosaka, Yanagi, Minakawa, Pedersen, Egawa, and Matsuyama are Outside Director candidates.
– Changes in Executive Officers were previously disclosed on February 20, 2024.
For more information, please visit the official Mitsubishi Electric website. Media inquiries can be directed to Takeyoshi Komatsu in the Public Relations Division of Mitsubishi Electric Corporation.
Mitsubishi Electric Corporation operates in the electronics industry, specializing in the manufacturing and distribution of various products such as air conditioning systems, elevators, factory automation systems, power systems, and information and communication systems. The company caters to a wide range of sectors, including residential, commercial, industrial, and automotive.
The electronics industry is highly competitive and constantly evolving. Technological advancements and the increasing demand for smart and energy-efficient solutions drive the industry’s growth. As the world becomes more digitalized and connected, companies like Mitsubishi Electric continue to innovate to meet the changing needs and preferences of consumers.
Market forecasts suggest positive growth for the electronics industry in the coming years. Factors such as urbanization, increasing disposable income, and the rising adoption of smart technologies are expected to contribute to the industry’s expansion. Additionally, the growth of emerging markets and the development of advanced manufacturing processes are also significant drivers.
However, the industry also faces several challenges. Some of the issues related to the industry include:
1. Increasing competition: With the presence of global players and rapid technological advancements, competition within the electronics industry has intensified. Companies need to continuously invest in research and development to stay ahead.
2. Supply chain disruptions: The industry heavily relies on global supply chains for raw materials and component sourcing. Any disruptions in the supply chain, such as natural disasters or political instability, can have a significant impact on production and lead to delays.
3. Environmental sustainability: The electronics industry is under pressure to address environmental concerns such as energy consumption and waste management. Companies are striving to develop eco-friendly products and manufacturing processes to reduce their environmental footprint.
For more information about Mitsubishi Electric Corporation and its products, please visit the official Mitsubishi Electric website. Media inquiries can be directed to Takeyoshi Komatsu in the Public Relations Division of Mitsubishi Electric Corporation.