Funai Electric Co., Ltd. announced Yoshikazu Uemura, the Representative Director and President and CEO of the Company, expressed, and the Board accepted, his intention to step down from the position of Representative Director and President and CEO as of October 2, 2014 for personal reasons. The company appointed Tomonori Hayashi as Representative Director and President and CEO. The company appointed Tetsuro Funai as Representative Director and Chairman.

The company appointed Tetsuhiro Maeda as Representative Director and Officer. Yoshikazu Uemura who is stepping down from his current position, will become a Director without the right to represent the Company or execute any business of the Company. The changes were effective as of October 2, 2014.