This document is an English translation of a news release on January 31, 2019, 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:
Hiroyuki Kunisada
Manager, Corporate Communications Office
Tel:+81-3-6327-8003+81-3-6327-8003
Tel:

Changes in 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, 2019.

1. Changes in Officers<As of February 1, 2019>[Changes in Executive Officers]
Name

Naohiro Matsuzawa

New Position

Current Position

Executive Officer

Executive Officer(belongs to Corporate AdministrationGeneralDivision)

Department

Manager,Mobility

Life

Executive Officer

Toshihisa Fuse

Chief Operating Officer, Life & Industrial

Executive Officer

Energy Division,

Chief Operating Officer, Life &General Manager, Planning &Industrial Energy Division,

Administration Department,

and General Manager, Planning &and General

Administration Department

Manager, Mobility Life

Department<As of March 31, 2019>[Retiring Executive Officer]
Name

Ichiro Sekiguchi

Naohiro Matsuzawa

New Position
Director and Senior Managing Officer ofTokyo Toshi Service Co., Ltd.,

Current Position
Executive Officer
Assistant to Chief Operating Officer,
Life & Industrial Energy Division―Executive Officer(belongs to Corporate Administration(belongs to Corporate AdministrationDivision)

Division)

Itochu Enex Co., Ltd.

<As of April 1, 2019>[Changes in Directors and Executive Officers]
Name

New Position
Director and Executive Officer

Tatsuro Utsumi

President, and Chief Executive Officer,
Itochu Enex Home-Life Tohoku Co., Ltd.
Director and Executive Officer
Chief Financial Officer,

Atsushi Katsu

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

Current Position
Director and Executive Officer
Chief Compliance Officer,andGeneralManager,Corporate

Planning Department
Director and Executive Officer
Chief Financial Officer,
Chief Information Officer, andChief Operating Officer, Corporate
Administration Division
Executive Officer
Chief Operating Officer, Life &Toshihisa Fuse

Executive Officer

Industrial Energy Division,

Chief Operating Officer, Life & Industrial

General Manager, Planning &Energy Division

Administration Department,and GeneralManager, MobilityLife Department
Executive Officer
Deputy Chief Operating Officer,

Shigeru Kondo

Home-Life Division,Executive Officer

General Manager, Planning &President, and Chief Executive Officer,

Administration Department, andItochu Industrial Gas Co., Ltd.

President, and Chief Executive Officer,
Itochu Industrial Gas Co., Ltd.

2. Reorganization
Itochu Enex Co., Ltd.

<As of April 1, 2019>(1) Purpose of reorganization
The organization was reorganized and Group System was abolished for the purpose of the making
decision quickly and flexibllity in January 2019.
Furthermore, the organization of internal Division will be changed for the purpose of upgrading ourexisting core businesses, exploiting new businesses, expanding environmental businesses.

(2) Details of reorganization①Reorganization of Departments/Branches[Life & Industrial Energy Division]
The Hokkaido Branch, Tohoku Branch, Higashi-Nihon Branch, Chubu Branch, Kansai Branch,
Chushikoku Branch, and Kyushu Branch will be reorganized into the Hokkaido Branch, Tohoku Branch,
Shutoken Branch, Kita-Kanto Branch, Shinetsu Branch, Chubu Branch, Hokiriku Branch, KansaiBranch, Chugoku Branch, Shikoku Branch, Kyushu Branch, and Okinawa Branch.
And Environmental Business Department will be newly established.

[Power & Utility Division]
Power & Heat Business Development Department and Power Project Financial Department will be
integrated as Power & Financial Business Department.

[Others]
Mobility Life Department will be abolished and the function of that will be absorbed in Life &Industrial Energy Division.

(The new organization chart is shown on the following page.)

Itochu Enex Co., Ltd.

ITOCHU ENEX CO.,LTD. New Organization Chart （April 1 2019～）
Home-Life Division

Planning & Administration
Department
Security System Department

Administration Department

Life & Industrial Energy Division

Planning & Administration
Department

Hokkaido Branch

Tohoku Branch

Shutoken Branch

Kita-Kanto Branch

Shinetsu Branch

Chubu Branch

Hokiriku Branch

Kansai Branch

Chugoku Branch

Shikoku Branch

Kyushu Branch

Okinawa Branch
General Meetings of Shareholders

Supply Department
Audit & Supervisory Board

Asphalt Department

Board of Directors
Marine Fuels Department

PresidentInternational Supply & Logistics
Department
Environmental Business
Department

CFO
CCO

Administration Department

CIO
Power & Utility Division

Planning & Administration
Department
Power & Supply Management
Department
Power Sales Department
Power & Financial Business
Department
Administration Department

Corporate Administration Division

Finance & General Accounting
Department
Legal & Credit ControlDepartment
Human Resources & General
Affairs Department

IT Planning Department

Corporate Planning Department

Audit Department

Itochu Enex Co., Ltd.