Translation
Note: This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the Japanese original shallprevail.

February 10, 2022
Company:
Representative:

Roland Corporation
CEO & Representative Director

Jun-ichi Miki

(Securities Code: 7944; TSE First Section)
Contact:

Senior Executive Officer

Naoyuki Tamura(Tel. 053-523-3652)

Change of Representative Director and Appointment of Directors and Executive Officers(Planned)
Roland Corporation (the “Company”) hereby announces that the Company made the following internal resolution
regarding the change of the Company’s Representative Director and the appointment of Directors and ExecutiveOfficers (Planned) at the Board of Directors Meeting held today following the discussion at the Nomination andRemuneration Committee.
Please be noticed that the appointment of Directors shall be officially resolved after the approval at the 50th Ordinary
General Meeting of Shareholders to be held on March 30, 2022, and the change of the Company’s Representative
Director and the appointment of Executive Officers shall be officially resolved at the subsequent Board of DirectorsMeeting.
1. Change of Representative Director(1) Reason for the Change
Resignation due to expiration of the term of office.
(2) Names and positions of current and new Representative Directors
NameNew position

Current position

Jun-ichi Miki(Resignation)

Representative Director

Gordon Raison

Representative Director

Director*Mr. Jun-ichi Miki is scheduled to assume the position of advisor for the Company.
(3) Mr. Toshihiko Oinuma’s comments (Chairperson of the Nomination and Remuneration Committee, Outside Director)
I would like to express my deepest appreciation and my sincere respect to Mr. Miki, who has made a great contribution toimprove the corporate values during such a long period as almost nine years, letting the Company listed again in December
2020 by overcoming several challenges faced during the process to reform and revitalize our Company Group with his

superb leadership, carrying out the MBO, after he assumed the position of Representative Director in 2013 when theCompany had been in such a critical situation as having operated at a loss for four years in a row.
The Nomination and Remuneration Committee has continuously and proactively made such discussions as a search anddevelopment of candidates for the next Representative Director taking the Company’s current issues and future growthstrategy into account, and identification, classification as well as prioritization of indispensable and required skills for theCompany’s Representative Director, participating in examining the appropriateness and the reasonableness of thesuccession plan made by Mr. Miki and oversighting its progress status, as well as in making advices based on eachcommittee member’s professional knowledge and experiences, etc. In addition, while each committee member participatedin critical selection processes and made the evaluation, the Committee made a conclusion that Mr. Raison had the mostsufficient skills required for Representative Director leading the company group’s future management as a successor toMr. Miki, and that it would be the most appropriate to make the change this year.
The Board of Directors shall oversight the company management led by Mr. Raison, pursuing a sustainable improvementof the corporate values.
(4) Mr. Jun-ichi Miki’s comments
I assumed the position of CEO in April 2013 under the most critical financial crisis since its incorporation and initiated thecompany reform without clear guidance at all. Thanks to comprehensive supports by other management members as well
as by the relationship with various stakeholders, and among all, due to substantial efforts made by all the employees, wemade the Company unlisted in October 2014 after the MBO, and successfully completed the structural reform, which was
the biggest issue at that time. Then, we successfully made the Company listed again in December 2020, starting from theenhancement of product competitiveness and the rebuilding of the brand image, and focusing on the enhancement of theunited management under the spirit of “One Roland” and the management reform through a drastic visualization, andensuring the global governance and the internal control. At the same time, we have steadily improved our businessperformances in spite of the recent significant social changes by concurrently making such growth investments asstandardization of sound sources and Roland Cloud.
Now, our Company is heading for a new growth stage. Therefore, we have decided to make a management change at thisbest timing, entrusting the Company’s further growth to the new generation. I believe the following strategies are requiredfor the future stage; 1. The enhancement of marketing, 2. The evolution into a solution provider, 3. The development as atrue global company being a Japanese company, 4. SCM innovation, etc.
Mr. Raison, candidate for the next Representative Director, assumed the position of CFO at a global company and has a
lot of experiences in sales and marketing, and since he joined our Company in September 2013, he took charge of global
sales and marketing and contributed to substantial sales growth solving long-term issues. In addition, he is unique enoughto have a clear understanding on how to motivate fully diversified human resources as well as on the culture and thecustoms in Japan. I believe the new management team including himself consists of the most appropriate members for thenext growth stage, whom I greatly rely on. I fully trust the new management team and would like to support the Company’sgrowth as advisor for development mainly in new development fields, resigning the position of Director as well.
Our Company will continue to make its best efforts to offer a pleasure of an exciting creation globally and to grow as acompany appreciated and supported by people. Please look forward to a new Roland.
(5) Mr. Gordon Raison’s Comments
I sincerely appreciate the trust and confidence given to me by the Nomination and Remuneration Committee and Board ofDirectors in being appointed Representative Director of Roland Corporation. Accepting this responsibility as Rolandcelebrates its 50th Anniversary is truly thrilling and a great honor.
I started my career with Roland in September of 2013 and soon initiated a process of company reform together with Mr.
Miki. Though I am British, I have deep respect for the strength of Japanese culture and companies and a genuine admiration
for the rich history of Roland Corporation.
Roland Corporation has been a leading innovator in the world of music creation for over 50 years. Moving forward, I
would like to create solution-focused and marketing driven company, with a structure and strategies which leverage thestrength of our entire global team to continue our growth and expand our positive influence on music and culture well into
the future.
We exist to Inspire the Enjoyment of Creativity and help people realize their full potential through the experience of playing
instruments and creating music. All of us at Roland promise to live up to this vision as we enter a new era.
(6) Career Summary of New CEO & Representative Director
NameCareer summary

Date of birth

Number ofshares of theCompany
heldOctober 1995

Joined Digital Equipment Corporation
Business Transformation Manager

July 1998

Tektronix Corporation(Currently Xerox Corporation)
European Finance Director

June 1999

European Finance Director –Gordon
RaisonDate of birth:
September
19, 1965

General Market Operations
February 2001

CFO at Xerox UK Ltd for UK and Ireland

October 2005

Fender Musical Instruments Europe Ltd
Managing Director and Executive Officer, Europe

September 2013Joined Roland (U.K.) LimitedFebruary 2014

Roland Europe Group Limited CEOApril 2015

Senior Executive Officer (current)

March 2017

CEO of Overseas UnitJanuary 2018

Chief Sales Officer (current)

August 2019

Chief Marketing Officer (current)

March 2020

Director (current)(7) Scheduled Date for Appointment
March 30, 2022

Xerox UK Ltd－2. Directors (Planned)(1) Candidates for Directors
Name

Current position

Type of appointment

Gordon Raison

Director

Reappointment

Shunsuke Sugiura

Senior Executive Officer

New appointment

Masahiro Minowa

Executive Officer

New appointment

Isao Minabe

Outside Director

ReappointmentToshihiko Oinuma

Outside Director

Reappointment

Sachiko Murase

Outside Director

Reappointment

Brian K. Heywood-New appointment(2) Career Summary of New Director Candidates
NameCareer summary

Date of birth

Number ofshares of theCompany held

April 1988

Joined The Daiwa Bank, Limited.
(Currently Risona Bank, Limited.)

October 2001

Joined ARRK CORPORATION

Shunsuke

October 2006

Joined COSMONET CO., LTD.

SugiuraJuly 2007

Joined Roland Corporation

Date of birth:

April 2009

General Manager, Finance & Accounting

August 10, 1963

Masahiro
MinowaDate of birth:
December 21,
1972

29,243

Dept.
July 2013

Executive Officer, Accounting Division

January 2018

Executive Officer, CFO

July 2018

Senior Executive Officer, CFO (current)

April 1996

Joined Roland Corporation

January 2016

General Manager, RPG Company Planning
Dept.

September 2017

Executive Officer, RPG Company President

January 2018

Executive Officer, RPG Development

383

Division※(current)
September 1991

Joined J.D. Power and Associates

August 1997

Director, Belron International

August 1999

Vice President, Citibank Japan Ltd.

Brian K.

January 2001

CEO, Taiyo Pacific Partners L.P. (current)

Heywood

December 2009

Outside Director, Ohizumi Mfg. Co., Ltd.

Date of birth:

November 2011Director, SEIRYU Asset Management Ltd.

January 9, 1967

April 2014

Director, Tokowaka Co., Ltd.

November 2014

Outside Director, Roland Corporation

March 2020

Outside Director, Roland DG Corporation(current)－June 2020

Independent Outside Director, Nifco Inc.
(current)

Outside Director, Maxell Holdings, Ltd. (Currently Maxell, Ltd.)(current)※ RPG Development Division is a development division involved in Creation related Equipment & Service business
3. Appointment of Executive Officers (Planned on March 30, 2022)
Name

New position

Scope of responsibility

Gordon Raison

Representative Director, CEO

Corporate Management

Shunsuke SugiuraDirector, CFO

Corporate Planning, Legal, IR, Accounting Division

Masahiro Minowa

Director, CIO

R&D, Product Marketing Division

Yasushi Aibara

Executive Officer, CHRO

Human Resources, Corp. Affairs Division

Yasunobu Suzuki

Executive Officer, CPO

Manufacturing, Product Quality Division

Tim Walter

Executive Officer, CSO

Sales Division※ CEO stand for Chief Executive Officer, CFO stand for Chief Financial Officer, CIO stand for Chief
Innovation Officer, CHRO stand for Chief Human Resource Officer, CPO stand for Chief ProductionOfficer, CSO stand for Chief Sales Officer.