MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 3424
Media Inquiries
Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Replacement of President & CEO,
Changes to Representative Executive Officer and Executive Officer
TOKYO, July 28, 2021 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that in light ofa series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 andJuly 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among
others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of July28, 2021. In addition, at an extraordinary meeting of the Board of Directors held on July 28, 2021, resolutions
were made concerning a successor to the positions of President & CEO and Representative Executive Officer,
as well as with regard to the executive officer structure.
1. Reason for Changes
With consideration to the certain quality-related issues in recent years, starting with certain quality-related
conduct for railcar HVAC systems, as well as issues related to labor and information leakage throughunauthorized access, former Director, Representative Executive Officer, President & CEO Takeshi Sugiyama,
at a press conference held on July 2, 2021, took the matter gravely and stated that he would resign from theposition of president.
As such, at an extraordinary meeting of the Board of Directors held on July 28, 2021, Mitsubishi Electric maderesolutions pertaining to the successor to the positions of President & CEO and Representative ExecutiveOfficer, and concerning the executive officer structure.
Under the leadership of the new President & CEO and Executive Officers, Mitsubishi Electric will investigate
the root causes of the series of improper quality-related conduct, and will also promote reform of thecompany’s corporate culture while striving to recover trust from all stakeholders.
2. Replacement of President & CEO, and Change of Executive Officer
New

Representative Executive Officer,
President & CEO

Representative Executive Officer,
Senior Vice President, Export Controland Building Systems
Executive Officer, Corporate Strategic
Planning and Operations of AssociatedCompanies, CSO
Executive Officer, Research &Development, CTO

Current
Representative ExecutiveOfficer,
Senior Vice President, Export
Control, Corporate Strategic
Planning and Operations of
Associated Companies, CSO
Representative ExecutiveOfficer, Senior Vice President,
Building Systems

Name

Kei Uruma

Tadashi Matsumoto

Executive Officer, Research &Development, CTO

Kunihiko Kaga

Senior General Manager,
Advanced Technology R&DCenter

Tomonori Sato

1/3

3. Change of Representative Executive Officer
New

Current

Representative Executive Officer,
Senior Vice President, Auditing, Legal
Affairs & Compliance and Corporate
Communication (Sustainability, PublicRelations and Advertising), CCO

Senior Vice President,Auditing, Legal Affairs &Compliance and Corporate
Communication(Sustainability, Public
Relations and Advertising),
CCO

NameJun Nagasawa*The Company’s three Representative Executive Officers as of July 28, are Uruma, Matsumoto, and Nagasawa.

4. Name and Career Summary of Newly Appointed Officers (as of July 28, 2021)(1) Representative Executive Officer, President & CEO
New position
Name
Date of birth
Education
Career summary

Date of appointment asPresident & CEO
Number of shares owned

Representative Executive Officer, President & CEOKei Uruma
July 27, 1959 (62 years old as of July 28, 2021)
Graduated from Faculty of Commerce, Waseda
March 1982
University
Joined Mitsubishi Electric Cooperation
April 1982
Senior General Manager, Planning & Administration
April 2006
Div. of Factory Automation Systems Group
Deputy Senior General Manager, Global Strategic
April 2010
Planning & Marketing Group
Executive Vice President, Mitsubishi Electric Europe
April 2011
B.V.
President, Mitsubishi Electric Europe B.V. andApril 2012
Regional Corporate Officer of Europe, Global
Strategic Planning & Marketing Group
Executive Officer, Factory Automation Systems
April 2015
Group
Executive Officer, Public Utility Systems Group
April 2017
Senior Vice President, Public Utility Systems Group
April 2018
Representative Executive Officer, Senior Vice
April 2020
President, Corporate Strategic Planning andOperations of Associated Companies
Director, Representative Executive Officer, Senior
June 2020
Vice President, Corporate Strategic Planning andOperations of Associated Companies
Director, Representative Executive Officer, Senior
April 2021
Vice President, Export Control, Corporate Strategic
Planning and Operations of Associated Companies
July 28, 2021
65 thousand shares(2) Representative Executive Officer
New position
Name
Date of birth
Education
Career summary

Representative Executive Officer, Senior Vice President
Jun Nagasawa
March 16, 1960 (61 years old as of July 28, 2021)
March 1983
Graduated from Faculty of Law, Keio University
April 1983
Joined Mitsubishi Electric Corporation
October 2007
Senior General Manager, Marketing Research &Business Development Dept.

2/3

October 2008
April 2009
April 2013
April 2016
April 2018
April 2021
Date of appointment as
Representative ExecutiveOfficer
Number of shares owned(3) Executive Officer
Tomonori Sato(Date of birth: August 31,1967) 53 years oldJuly 28, 2021
23 thousand shares

March 1992
April 1992
April 2020
April 2021

Date of appointment as
Executive Officer

Deputy Senior General Manager, Lighting, Ventilation &Housing Systems Div.
Senior General Manager, PV Systems Div.
Senior General Manager, Kanagawa Branch OfficeSenior General Manager, Kansai Branch Office
Executive Officer (Advertising, Domestic Marketing)Senior Vice President (Accounting, Legal Affairs &Compliance and Corporate Communication(Sustainability, Public Relations and Advertising))

Completed Master’s course in Precision Engineering,
Graduate School of Engineering, Kyoto University
Joined Mitsubishi Electric Corporation
Deputy Senior General Manager, Advanced Technology
R&D Center
Senior General Manager, Advanced Technology R&DCenter

July 28, 2021

Note: Regarding Directors of Mitsubishi Electric Corporation
Upon Mr. Takeshi Sugiyama’s resignation, as of July 28, Mitsubishi Electric Corporation will have 11 Directors asfollows:Messrs. Masaki Sakuyama (Chairman), Kei Uruma, Masahiko Sagawa, Tadashi Kawagoishi, Takashi Sakamoto,Kuniaki Masuda, Mitoji Yabunaka, Hiroshi Obayashi, Kazunori Watanabe, and Takashi Oyamada and Ms. Hiroko
Koide.

###About Mitsubishi Electric Corporation
With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation(TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical andelectronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company
recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal year ended March 31, 2021. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2021

3/3