Fuji Electric : Announcement Regarding Changes to the Management of Fuji Electric Co., Ltd. to be Proposed at the Company’s Ordinary General Meeting of Shareholders
April 08, 2015 at 06:01 am EDT
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March 26, 2015, Tokyo - Fuji Electric Co., Ltd. (TSE:6504) announced its decision today to put forward candidates for the positions of directors and auditors following a meeting of its Board of Directors held on March 26, 2015. Brief details are as follows:
The appointment of candidate directors and auditors is subject to approval by the Board of Directors at a meeting to be held following the Company's Ordinary General Meeting of Shareholders scheduled for the end of June 2015.
I.Directors Reappointed and newly appointed Directors
President and Chairman of the Board of Directors
(Reappointed)
Michihiro Kitazawa
Representative Director
(Reappointed)
Yoshio Okuno
Outside Director
(Reappointed)
Hiroaki Kurokawa
Outside Director
(Reappointed)
Motoyuki Suzuki
Outside Director
(Reappointed)
Mareto Sako
Director
(Reappointed)
Michio Abe
Director
(Reappointed)
Kenzo Sugai
Director
(Reappointed)
Naoya Eguchi
Director
(Reappointed)
Junichi Matsumoto
II.Auditors Reappointed and non-reelected auditors
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
Fuji Electric : Announcement Regarding Changes to the Management of Fuji Electric Co., Ltd. to be Proposed at the Company’s Ordinary General Meeting of Shareholders