December 11, 2018
Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, Representative Director, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Katsuo Saito, Vice President
and General Manager of Administration Department
Phone: +81-3-6447-8825

Notice of Resignation and Change of Representative Director
Subaru Corporation hereby announces that the Company resolved the resignation and change of Representative
Director as detailed below.
1. Resignation of Representative Director (Director in charge of manufacturing) (Effective December 31, 2018)(1) Details of change
NameNew position

Current position

Masaki Okawara

Executive Vice President

Representative Director of the Boardand Executive Vice President

Note1: Masaki Okawara will retire as Executive Vice President effective March 31, 2019.
Note2: As a result of this change, the number of Representative Directors of the Company will be one person;
Tomomi Nakamura, Representative Director of the Board and President.
Note3: After the resignation of one current Director, the Company still satisfies the number of Directors as
stipulated by laws and regulations and the Articles of Incorporation.
(2) Reason for changeVoluntary resignation(3) Effective date
December 31, 2018
2. Newly appointed representative director (Effective June 2019)(1) Details of change
NameNew position
Kazuo Hosoya

Representative Director of the Boardand Deputy President

Current position
President, Tokyo Subaru Inc.

Note1: Appointed as Deputy President effective January 1, 2019.
Note2: Nominated as a candidate for the Representative Director position. The election is subject to theapproval of the 88th Annual General Meeting of Shareholders (the “AGM”) to be held in June 2019 anda resolution at the Board of Directors meeting to be held after the close of the AGM.
Other candidates for new Directors have not been decided at this time.
(2) Reason for change
The Company nominates a new Representative Director candidate, following the resignation of the current
Representative Director.
The Company will further strengthen its efforts to prevent recurrence of the issues identified in relation to final
inspection procedures at its Gunma Manufacturing Division, by reshuffling the management team of its
manufacturing organization.
(3) Effective dateJune 2019

(4) Brief biography of newly-nominated Representative DirectorName(Date of birth)

Brief Career History
April 1982

Joined Fuji Heavy Industries Ltd.
(now, Subaru Corporation)

May, 2006

General Manager, Corporate Planning Department

Numberof shares
owned

January, 2009 Senior General Manager, Subaru Japan Sales &Marketing Division

Kazuo Hosoya(July 29, 1957)

June, 2010

President, Tokyo Subaru Inc.

April, 2012

Corporate Vice President
General Manager, Human Resources Department

April, 2014

Corporate Senior Vice President
General Manager, Human Resources Department
General Manager, Career Support Office
President, Subaru Bloom Co.LtdApril, 2015

Corporate Senior Vice President
Chief General Manager,Subaru Japan Sales & Marketing Division

April, 2016

Corporate Executive Vice President
Chief General Manager,
Subaru Japan Sales & Marketing Division

April, 2018

President, Tokyo Subaru Inc. (current position)

10,421(Note)
The Company today issued a news release “Subaru Corporation Announces Management Changes (EffectiveJanuary 1, 2019)”.
URL: https://www.subaru.co.jp/press/news-en/2018_12_11_6633/###