This document is an English translation of a news release on January 31, 2018, made initially in Japanese.
The Japanese original should be considered as the primary version.

Company:

Itochu Enex Co., Ltd.
Representative: Kenji Okada, Representative Director, President and CEO
Stock code:
8133, Tokyo Stock Exchange, 1st Section
Contact:
Masahiko Aoyagi
Manager, Corporate Communications Office
Tel:+81-3-6327-8003+81-3-6327-8003
Tel:

Changes in Representative Director and Officers, and Reorganization
Itochu Enex Co., Ltd. resolved the following with respect to changes in Representative Director and Officers,
and reorganization, at its Board of Directors’ meeting held on January 31, 2018.

1. Changes in Representative Director and Officers<As of March 22, 2017>[Retiring Managing Officer]
Name

New Position

Current Position
Managing Officer－Masanori Toyoshima

Chief Operating Officer,
Home-Life Division<As of March 23, 2018>[Changes in Executive Officer]
Name

New Position

Current Position

Executive Officer
Chief Operating Officer,
Kyosuke Wakamatsu

Executive Officer
Home-Life

Division , andDeputy Chief Operating Officer,
Home-Life Division , andGeneral Manager, Planning
Administration&General Manager, Planning &Department

Administration Department

New PositionCurrent Position<As of March 31, 2018>[Retiring Executive Officer]
Name

Kouichi Otabe

Vice President, Sendai Power Station Co.,
Ltd.

Executive Officer
Vice President, Sendai Power Station
Co., Ltd.
Itochu Enex Co., Ltd.

Name

New Position

Current Position
Executive Officer－Masanori Mitsuhashi

Chief Operating Officer, Life
Energy & Logistics Division<As of April 1, 2018>[Promotion of Executive Officer]
Name
Kyosuke Wakamatsu

New Position

Current Position

Managing Officer

Executive Officer[Changes in Directors, and Officers]
Name

Tatsunosuke Nagao

Masahiko Takasaka

New Position

Current Position

Director and Senior Managing Officer

Director and Senior Managing Officer

Chief Compliance Officer,

Chief Operating Officer, Energy

Assistant to Chief Executive Officer,

Innovation&Logistics Business Group,

Chairman,Osaka Car Life Group Co.,Ltd.,

Chairman,Osaka Car Life Group Co.,Ltd.,and Chairman, NISSAN OSAKA SALES

and Chairman, NISSAN OSAKACO., LTD.

SALES CO., LTD.

Director and Senior Managing Officer

Director and Senior Managing Officer

Chief Operating Officer, Power & Utility

Chief Operating Officer, Power & Gas

Group,

Business Group, andChief Operating Officer, Power & Utility

Executive Advisory Officer forDivision, andAutomobile Business Office

Executive Advisory Officer for MobilityLife Department
Director and Managing Officer

Director and Managing Officer

Chief Financial Officer,
Masayasu Tanaka

Chief Financial Officer, andChief Information Officer, andChief Operating Officer, Corporate
Administration Division

Keiichi Matsuzuka

Administration Division I

Managing Officer

Managing Officer

Deputy Chief Operating Officer, Power &Chief Operating Officer, Power &Utility Group

Utility Division

Managing Officer

Executive Officer

Chief Operating Officer,
Kyosuke Wakamatsu

Chief Operating Officer, Corporate

Energy &Logistics Group, andChief

Operating

DivisionOfficer,

Chief Operating Officer, Home-Life
Division , andHome-LifeGeneral

Manager,

Planning&Administration DepartmentItochu Enex Co., Ltd.

Toshiyuki Tsuruoka

Executive Officer

Executive Officer

Deputy Chief Operating Officer, Life &Chief Operating Officer, Industrial

Industrial Energy Division

Energy & Logistics Division
Executive Officer

Executive Officer
Naohiro Matsuzawa

General Manager, Mobility Life
Department

Ichiro Sekiguchi

General Manager, East Japan Region
Business Unit, Life Energy & Logistics
Division

Executive Officer

Executive Officer

Assistant to Chief Operating Officer, Life

Assistant to Chief Operating Officer,& Industrial Energy Division

Life Energy & Logistics Division
Executive Officer
Chief Compliance Officer,

Tatsuro Utsumi

Executive Officer

Chief Information Officer,

General Manager, Corporate Planning

Chief Operating Officer, Corporate

Department

Administration Division Ⅱ,andGeneral Manager, Corporate Planning
Department

Toshihisa Fuse

Executive Officer

Executive Officer

Chief Operating Officer, Life & Industrial

Deputy Chief Operating Officer, Power

Energy Division& Utility Division<As of June 2018 General Meeting of Shareholders>[Retiring Representative Director and Director]
Name

New Position

Current Position
Representative Director andMasaaki Itoyama

President, and Chief Executive Officer,
ENEARC Co., Ltd.

Senior Managing Officer,
Assistant to Chief Executive Officer,
and President, and Chief ExecutiveOfficer, ENEARC Co., Ltd.
Director and Managing Officer
Chief Financial Officer,－Masayasu Tanaka

Chief Information Officer, andChief Operating Officer, Corporate
Administration Division[New Candidate for Directors]
Name
Kyosuke Wakamatsu

New Position
Director and Managing Officer

Current Position
Managing Officer
Itochu Enex Co., Ltd.

Atsushi Katsu

Director and Executive Officer－New Position

Current Position[Changes in Director]
Name

Director and Executive Officer
Chief Financial Officer,
Atsushi Katsu

Chief Information Officer, and－

Chief Operating Officer, Corporate
Administration Division

2. Reorganization<As of April 1, 2018>(1) Purpose of reorganization
For the purpose of the business development using our group own network by each region, and more
speedy decision-making process of power and mobility business corresponded to power energy shift, theorganization will be reorganized.

(2) Details of reorganization① Reorganization of Business Groups and Division
1. Energy & Logistics Group
Home-Life Division and Life & Industrial Energy Division will be posted.
(Life & Industrial Energy Division will be integrated the functions of Life Energy & Logistics
Division and Industrial Energy & Logistics Division.)
2. Power & Utility GroupPower & Utility Division will be established.
3. Corporate Administration DivisionCorporate Administration Division I and Corporate Administration DivisionⅡwill be integrated as
the Corporate Administration Division.
② Reorganization of Departments/Branches[Life & Industrial Energy Division]
East Japan Region Business Unit, Middle Japan Region Business Unit, West Japan Region Business
Unit, and Kyusyu Region Business Unit will be reorganized into the Hokkaido Branch, Tohoku
Branch, Higashi-Nihon Branch, Chubu Branch, Kansai Branch, Chushikoku Branch, and Kyushu
Branch.
[Power & Utility Division]
Power Project Financial Office will be upgraded to the Power Project Financial Department.
Itochu Enex Co., Ltd.

[Others]・Automobile Business Office will be upgraded and renamed to the Mobility Life Department.
・Group Planning & Administration Department of Power & Gas Business Group and Group
Administration Department of Energy Innovation & Logistics Business Group will be abolished.
(Planning & Administration Department and Administration Department of each Divisions will beestablished.)(The new organization chart is shown on the following page.)

Itochu Enex Co., Ltd.

ITOCHU ENEX CO.,LTD. New Organization Chart（April 1 2018～）

Energy & Logistics Group

Home-Life Division

Security System DepartmentPlanning & Administration
Department
Administration Department

Life & Industrial Energy Division

Hokkaido Branch

Tohoku Branch

Higashi-Nihon Branch

Chubu Branch

Kansai Branch

Chushikoku Branch

Kyushu Branch
General Meetings of Shareholders

Asphalt Department
Audit & Supervisory Board

Marine Fuels Department

Board of Directors

International Supply &Logistics Department

President

Supply Department
Planning & Administration
Department

CFO
CCO

Administration Department

CIO

Mobility Life Department

Power & Utility GroupPower & Utility Division

Power & Heat BuisinessDevelopment Department
Power Sales Department
Power & Supply Management
Department
Power Project FinancialDepartmentPlanning & Administration
Department
Administration Department

Corporate Administration Division

Finance & General Accounting
Department
Human Resources & General
Affairs Department
IT Planning Department
Legal & Credit Control
Department

Corporate Planning
Department

Audit Department