February 22, 2023
MODEC, Inc.
Takeshi Kanamori, President & CEO
Code: TSE 6269
Contact: Corporate Planning & Strategies Dept.
TEL: +81-3-5290-1240

Management Change – Directors and Executive Officers
At its Board of Directors Meeting held on February 22, 2023, MODEC, Inc. decided on a plan for change
in its Directors effective as of March 28, 2023 and Executive Officers effective as of April 1, 2023. The
appointment of Directors is subject to the approval at the Annual General Meeting of the Shareholders tobe held on March 28, 2023.
1. Candidate for New Director (effective as of March 28, 2023)
Name
Koichi Watanabe

New Title
External Director

Current Title
General Manager, Finance & Accounting
Department, Mitsui E&S Holdings Co., Ltd.
Director, Mitsui E&S Business Service Co., Ltd.

2. Directors to Resign (effective as of March 28, 2023)
Name

New Title

Current Title

Katsuyuki Imaizumi *Executive Managing Officer

Director
Executive Managing Officer

Ryoichi Oka

ResignExternal Director* Katsuyuki Imaizumi will resign from Director as he moves to Rio de Janeiro and will be promoted from
Executive Managing Officer to Senior Executive Managing Officer as of April 1, 2023.
3. Promoted Executive Officers (effective as of April 1, 2023)
Name
Yasuhiro Takano

Katsuyuki Imaizumi

New Title
Director
Senior Executive Managing Officer

Current Title
Director
Executive Managing Officer

Group CFO (Chief Financial Officer)

Group CFO (Chief Financial Officer)

Senior Executive Managing Officer
Group COO (Chief Operating Officer)
Head of Project Development
Head of Lease & Operations
Head of HSSE
President & CEO (Chief Executive Officer)of MODEC International, Inc. (USA)

Director
Executive Managing Officer

Group COO (Chief Operating Officer)
Head of Project Development
Head of Lease & Operations
Head of HSSE
President & CEO (Chief Executive Officer)of MODEC International, Inc. (USA)Osamu Toriumi

Soichi Ide

Executive Managing Officer

Executive Officer

CCO (Chief Compliance Officer)
Head of Legal

CCO (Chief Compliance Officer)
Head of Legal

CDO (Chief Digital Officer)
Head of Project Execution
President & CEO (Chief Executive Officer)of MODEC Offshore Production Systems(Singapore) Pte. Ltd. (Singapore)
President & CEO (Chief Executive Officer)of Offshore Frontier Solutions Pts. Ltd.
(Singapore)

CDO (Chief Digital Officer)
Head of Project Execution
President & CEO (Chief Executive Officer)of MODEC Offshore Production Systems(Singapore) Pte. Ltd. (Singapore)
President & CEO (Chief Executive Officer)of Offshore Frontier Solutions Pts. Ltd.
(Singapore)

Executive Managing Officer

Executive Officer

Executive Officers (Effective as of April 1, 2023)
Takeshi Kanamori *President & Chief Executive Officer
Yasuhiro Takano *Senior Executive Managing Officer
Katsuyuki Imaizumi
Senior Executive Managing Officer
Minoru Sawada
Executive Managing Officer
Osamu Toriumi
Executive Managing Officer
Soichi Ide
Executive Managing Officer
Ryo Suzuki
Executive Officer
Mitsuru Sato
Executive Officer
Koichi Matsumiya
Executive Officer
Arun Duggal
Executive Officer*Concurrently assuming the position of Director. The appointment is subject to the approval at theAnnual General Meeting of the Shareholders to be held on March 28, 2023.