NTN Corporation (hereafter, NTN) announces that its Board of Directors approved on March 25, 2014, a resolution to change the Representative Directors as described below.
This change, dated for June 25, 2014, will become an official decision by the Board of Directors after approval of appointment of the Representative Directors at the FY2013 annual meeting of stockholders to be held on the same day.
To increase the speed of various actions under the medium-term management plan "Revival 2014" and further strengthen the financial framework. Accelerating global expansion with a three-business (aftermarket, industrial machinery, automotive) headquarters structure, as well as building on the social responsibility and global human resources development of group companies around the world will usher in a new stage of growth in time to mark the company's 100th anniversary in 2018.
(1) Planned changes, April 1, 2014
Name
New Position
Former Position
Yasunobu Suzuki
Chairman
Chairman and CEO
Representative Director
Hiroshi Ohkubo
Executive Vice President
Representative Director
Managing Director
(2) Planned changes, June 25, 2014
Name
New Position
Former Position
Shigeyoshi Takagi
Retired
President
Representative Director
Hiroshi Ohkubo
President
Representative Director
Deputy President
Representative Director
Hironori Inoue
Executive Managing Director
Representative Director
Managing Director
Name
Hiroshi Ohkubo
Date of birth
May 14, 1953
Birthplace
Kanagawa Prefecture, Japan
Academic background
Department of Commerce, Faculty of Business and Commerce, Keio University
Business career
April 1977
Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation)
March 1985
NTN Bearing Corp. of America
April 1995
Accounting Department
December 1996
NTN-BCA Corp.
April 2004
Deputy Manager of Finance Department
October 2005
NTN Waelzlager (Europa) G.m.b.H.
April 2010
Executive Officer (in charge of Finance and Accounting Department, Budget Department)
June 2012
Director (in charge of Finance Headquarters, Legal Department, Fair Trade, Internal Audit Department)
June 2013
Managing Director (in charge of Management Department) (current position)
Ownership of stocks
27,000
Name
Hironori Inoue
Date of birth
July 29, 1951
Birthplace
Hiroshima Prefecture, Japan
Academic background
Department of Mechanical Engineering, Faculty of Engineering, The University of Tokushima (majored in precision machinery engineer)
Business career
April 1976
Joined NTN Toyo Bearing Co., Ltd. (now NTN Corporation)
April 1998
Production Management Department
April 2001
NTN Kugellagerfabrik (Deutschland) G.m.b.H.
October 2005
Deputy Corporate General Manager, Monozukuri Headquarters
January 2008
General Manager of Okayama Works
April 2009
Executive Officer (General Manager of Okayama Works)
November 2009
Executive Officer (General Manager of Kuwana Works)
June 2010
Director (Deputy Corporate General Manager of Industrial Business Headquarters, General Manager of Kuwana Works)
June 2011
Director (in charge of Production, Procurement/Cost and Logistics Departments)
June 2012
Managing Director (in charge of Production, Procurement/Cost and Logistics Departments) (current position)
NTN Corporation is one of the world's leaders in manufacturing and marketing of bearings, constant velocity joints and precision equipments. Net sales break down by market as follows:
- automotive industry (62.9%);
- automotive repair (19.6%);
- industrial machinery construction (17.5%).
Net sales break down geographically as follows: Japan (29.1%), America (27.6%), Europe (21.7%) and other (21.6%).