January 25, 2023
Company Name:NAGASE & CO., LTD.

Representative:

Kenji Asakura,

Representative

Director, President

Stock Exchange Listings:
Tokyo (Prime Market) Code 8012
Contact:

Noriyoshi Yamaoka,
Executive Officer, General Manager,
Human Resources & General Affairs DivisionTel:+81-3-3665-3101

Notice Regarding Change in Representative Director (Change of President) and Changes in
Personnel for Directors and Executive Officers
At a meeting held January 25, 2023, the NAGASE & CO., LTD. (hereinafter “NAGASE”) Board ofDirectors resolved to make the following changes in representative director and executive officers as of April
1, 2023, as well as to submit a proposal to appoint directors at the 108th General Shareholders' Meetingscheduled for late June.

Changes in Representative Director (as of April 1)
1. Reason for the Change
NAGASE has decided to change the representative director and president as a means to strengthen andrefresh NAGASE ’s management structure. In doing so, NAGASE aims for the sustainable growth ofthe NAGASE Group and further enhancement of our corporate value.
2. Details
NameMr. Hiroshi Nagase
Mr. Kenji AsakuraMr. Hiroyuki Ueshima

NewDirector, Senior Adviser
Representative Director,
Chairman
Representative Director,
President and CEO

Current
Representative Director,Chairman
Representative Director,
President and CEODirector

Changes in Director (as of April 1)
1. Details
Name
Mr. Reiji Nagase

New

CurrentDirector

Director, Vice Chairman

Directors (as of the General Shareholders' Meeting Scheduled for Late June)
1. Director Candidates
Name

Title

Mr. Hiroshi Nagase

Director, Senior Adviser

Mr. Kenji Asakura

Representative Director, Chairman

Mr. Hiroyuki Ueshima

Representative Director, President and CEO

Mr. Masaya Ikemoto

Representative Director

Mr. Masatoshi Kamada

Director

Ms. Ritsuko Nonomiya

Outside Director

Mr. Noriaki Horikiri

Outside Director

2. Newly Appointed Directors
Outside Director

Mr. Toshiaki Mikoshiba (former Chairman of Honda Motor Co.Ltd.)

3. Retiring Directors
Director

Mr. Reiji Nagase(to be appointed Advisor of NAGASE & CO., LTD. in late June)

Outside Director

Mr. Takahiko Ijichi

Executive Officers
1. Executive Officers (as of April 1)
NameNew

Current

Mr. Hiroyuki Ueshima

President and CEO

Executive Officer

Mr. Masaya Ikemoto

Senior Managing Executive Officer

Managing Executive Officer

Mr. Naoki YasubaManaging Executive Officer

Managing Executive Officer

Mr. Takanori Yamauchi

Managing Executive Officer

Managing Executive Officer

Mr. Satoru Fujii

Managing Executive Officer

Managing Executive Officer

Mr. Donald K. Thorp

Managing Executive Officer

Managing Executive Officer

Mr. Kusuo Ota

Managing Executive Officer

Executive Officer

Mr. Masatoshi Kamada

Executive Officer

Executive Officer

Mr. Koichi Sagawa

Executive Officer

Executive Officer

Mr. Ryuichi Uchida

Executive Officer

Executive Officer

Mr. Takeshi Takada

Executive Officer

Executive Officer

Mr. Noriaki Arashima

Executive Officer

Executive OfficerMr. Noriyoshi Yamaoka

Executive Officer

Executive Officer

Mr. Yoshihisa Shimizu

Executive Officer

Executive Officer

Dr. Xiaoli Liu

Executive Officer

Executive Officer

Mr. Eiroku Oki

Executive Officer

Executive Officer

Mr. Toru Araki

Executive Officer

Executive Officer

2. New Executive Officers (as of April 1)
Executive Officer

Mr. Tamotsu Isobe

Executive Officer

Mr. Kentaro Nagase

3. Retiring Executive Officers (as of March 31)
President and CEO

Mr. Kenji Asakura

Executive Officer

Mr. Akira Takami

New Representative Director Career Highlights

Name: Hiroyuki Ueshima

Date of Birth: November 5, 1965 (57 years old)

Education: Kyoto University, Faculty of Engineering

Career Highlights:
April 1988

Joined the Company

April 2015

General Manager of Corporate Planning Div.

April 2017

Executive Officer and General Manager of Corporate Planning Div.

October 2017 Executive Officer and General Manager of Automotive Solutions Dept.
April 2018

Executive Officer and General Manager of Automotive Solutions Dept., Manager of Nagoya
BranchApril 2021

Executive Officer and General Manager of Mobility Solutions Dept.

April 2022

Executive Officer, in charge of Business Development and Europe, and Europe CEO

June 2022

Director, Executive Officer in charge of Business Development and Europe, Europe CEO

Number of the Company’s shares held: 22,217 (as of September 2022)

New Director Candidate Career Highlights

Name: Toshiaki Mikoshiba

Date of Birth: November 15, 1957 (65 years old)

Education: Waseda University, School of Education

Career Highlights:
April 1980

Joined Honda Motor Co., Ltd.

April 2008

Executive Officer and Representative Director/Vice President of Honda Motor Europe
LimitedApril 2011

General Manager, Guangqi Honda Automobile Co., Ltd.

April 2014

Managing Executive Officer, General Regional Manager, Europe, and President, Honda
Motor Europe Limited

April 2015

Senior Managing Executive Officer, Honda Motor Co., Ltd.

April 2016

General Manager, North America and President and CEO, Honda North America, Inc.

June 2017

Senior Managing Director, Honda Motor Co., Ltd.

April 2019

Chairman, Honda Motor Co., Ltd.

June 2022

Retired as Director of Honda Motor Co., Ltd.

End

January 25, 2023
Company Name:
Representative:

To Whom It May Concern:

NAGASE & CO., LTD.
Kenji Asakura,
Representative Director, President
Tokyo (Prime Market) Code 8012
Noriyoshi Yamaoka, Executive Officer, General Manager,
Human Resources & General Affairs Division(Tel:+81-3-3665-3101)

Stock Exchange Listings:
Contact:

NAGASE & CO., LTD. announces the following personnel changes, which are scheduled to take effect on April 1, 2023.
1. Organizational Reform
Establish Global Communication Department.
Transition the Human Resources & General Affairs Division to a department system and rename to Human Resources & General Affairs Department.
Transition the ICT Planning Division to a department system and rename to ICT Planning Dept.
2. Structural
Human Resources
Reform
NewCurrent

Corporate Administration

Corporate Administration

Representative Director

Business Development

Group Affiliates

Senior Managing Executive Officer

Europe and Americas

Americas

Mr. Masaya IkemotoGroup Manufacturing Management Innovation Office Group Manufacturing Management Innovation Office
Sales & Marketing

Sales & Marketing

Directors

AsiaAsia

Executive Officer

Mr. Masatoshi Kamada

Greater China (CEO)Group Companies

Totaku Industries, Inc.

Managing Executive Officer

Mr. Kusuo Ota

Human Resources & General Affairs Dept. (GM)

Human Resources & General Affairs Div. (GM)

Executive Officer

Mr. Noriyoshi Yamaoka

Performance Chemicals Dept. (GM)

Performance Chemicals Dept. (GM)

Executive Officer

Mr. Tamotsu Isobe

Executive Officer

Mr. Kentaro Nagase

Greater China (CEO)Europe (CEO)Nagase Application Workshop (GM)
Grobal Communication Dept. (GM)

Marketing Promotion Dept.DX Planning Office

New Value Creation Office (GM)Electronics Dept. (GM)Mr. Hironao Makise

ICT Planning Dept.（GM)ICT Planning Div. (GM)

Mr. Natsuki Imamura

Nagase Application Workshop (GM)Life & Healthcare Products Dept. (GM)Mr. Bunji Ono

Audit Office (GM)

Audit Office (Manager)

Mr. Taro Aoki

Electronics Dept. (GM)Electronics Dept., Electronic Materials (Manager)

Mr. Kazuyuki Sato

Life & Healthcare Products Dept. (GM)

Nagase (Malaysia) Sdn.Bhd. (COO)

Mr. Kenji Okino

End