Press Release
May 10, 2010
To Whom It May Concern:

Funai Electric Co., Ltd.
President and CEO: Tomonori Hayashi(Code No.: 6839 First Section of TSE/OSE)

Notice Concerning Change of Management Structure andNew Director System

1. Change of Management Organization
At its Board of Directors meeting held today, Funai Electric Co., Ltd. (hereinafter “the Company”)
resolved to transfer the Company’s management structure from the existing Company withCommittees structure to a Company with an Audit Committee structure, and informally designated
new officers in conjunction with this change. Details of the change are provided below.
In June 2005, the Company moved to a Company with Committees structure and separated its
management oversight and business execution functions. To increase management efficiency atthis time, however, the Company will seek approval at the Ordinary General Meeting ofShareholders scheduled to be held on June 22, 2010 to reorganize its corporate governancestructure as a Company with an Audit Committee.
Following the conclusion of the Ordinary General Meeting of Shareholders, the Board ofDirectors will be comprised of ten inside directors and two outside directors, and the Company willseek to cultivate inside officers. As its auditing system, the Company will monitor management
based on an Audit Committee consisting of one standing corporate auditor and two outsideauditors.

2. New Director Organization
The candidates for Director and candidates for Corporate Auditor who will be discussed at theOrdinary General Meeting of Shareholders to be held on June 22, 2010 (tentative) are indicatedbelow.
(1) Candidates for director
Director

Tetsuro Funai*

Director

Tomonori Hayashi*

Outside Director

Mitsuo Yonemoto*Outside Director

Yasuhisa Katsuta*

Director

Takashi Kiyomoto

Director

Hideo Nakai

DirectorShinji Seki

DirectorToshio OtakuDirectorYoshikazu Uemura

DirectorJoji Okada

Director

Hideaki Funakoshi

DirectorShigeki Saji

(Note 1) Directors to be reappointed are indicated with an asterisk (*).
(Note 2) Candidates for Director

Mitsuo Yonemoto and Yasuhisa Katsuta fulfill therequirements for candidates for outside director as provided in Article 2 paragraph(3) item (vii) of the Companies Act Enforcement Ordinance.
(Note 3) At the Board of Directors meeting following the conclusion of the Ordinary
General Meeting of Shareholders, the Company plans to appoint director
candidate Tetsuro Funai as Representative Director serving concurrently as
Corporate Executive Officer and Chairman, appoint Tomonori Hayashi as
Representative Director serving concurrently as Corporate Executive Officer andPresident and CEO, appoint Hideo Nakai and Takashi Kiyomoto as Director
serving concurrently as Senior Corporate Executive Officer, appoint Shinji Sekiand Toshio Otaku as Director serving concurrently as Managing Corporate
Executive Officer and appoint Yoshikazu Uemura, Joji Okada, Hideaki Funakoshi
and Shigeki Saji as Director serving concurrently as Corporate Executive Officer.

(2) Candidates for Corporate Auditor
Corporate AuditorAkitaka Inoue

Outside Auditor

Shinichi Komeda

Outside Auditor

Masahide Morimoto(Note) Candidates for Corporate Auditor

Shinichi Komeda and Masahide Morimoto fulfill

the requirements for candidates for outside auditor as provided in Article 2paragraph (3) item (viii) of the Companies Act Enforcement Ordinance.

(3) Candidate for Alternate Corporate Auditor
Alternate Corporate Auditor

Naganori Tanaka(Note) Candidate for Alternate Corporate Auditor

NaganoriTanakafulfills

therequirements for candidates for outside auditor as provided in Article 2 paragraph(3) item (viii) of the Companies Act Enforcement Ordinance.

3. Directors Planning to Retire
Outside Director

Akira Miyazaki

Outside Director

Shigemichi Asakura

Outside Director

Hidetoshi Nishimura

4. Planned Retirement and Appointment Date
Tuesday, June 22, 2010INQUIRIES ABOUT THIS PRESS RELEASE
Naoyuki Takanaka
Investor / Public Relations Department
TEL:+81-72-870-4395