LIXIL Group Corporation announced that President & CEO Kinya Seto has decided to resign from his position as of October 31, 2018, and Mr. Yoichiro Ushioda has been appointed as LIXIL Group's Representative Executive Officer, Chairman and CEO, effective November 1, 2018. Mr. Hirokazu Yamanashi, who has served as an Independent Outside Director of LIXIL Group Corporation since June 2016, has been appointed as Representative Executive Officer and COO of LIXIL Group, also effective November 1, 2018. Mr. Kinya Seto will remain as Representative Executive Officer and President until the end of the current fiscal year to support an orderly transition, after which Mr. Yamanashi will also take on the role of President.

Mr. Seto will retain his position as a Director on the Board of LIXIL Group until June 2019. In addition, Mr. Yamanashi has been appointed as Representative Director, CEO and Chairman of the Board of LIXIL Corporation, with Mr. Kazuhiko Ootsubo appointed as LIXIL Corporation's Representative Director, President and COO. Membership of key committees was also decided: the Compensation Committee will reduce its members from five to three.

Ms. Main Kohda (Independent Outside Director) will be the new Chairperson of the Committee, joined by Lady Barbara Judge (Independent Outside Director) and Mr. Yoshinobu Kikuchi (Director) as current members. Mr. Hirokazu Yamanashi and Mr. Keiichiro Ina (Director) will retire from the Committee. The Nominations Committee will be chaired by Lady Barbara Judge, and Tsutomu Kawaguchi (Independent Outside Director) and Mr. Kikuchi will join as new members of the Committee.

Mr. Hiroto Yoshimura (Independent Outside Director) and Ms. Kohda will continue to serve as members. Mr. Ushioda and Mr. Yamanashi will retire from the Committee.