At its Board of Directors Meeting held on February 6, 2018, MODEC, Inc. decided on a plan for change in its Directors. The appointment is subject to the approval at the Annual General Meeting of the Shareholders to be held on March 23, 2018. The Candidate for New Director are Takeshi Kanamori, current title as Senior Executive Managing Officer, Mitsui & Co. Ltd. Yuji Kozai, current title as Executive Officer, Deputy General Manager of Corporate Planning Hq. and General Manager of Corporate Planning Dept., Mitsui Engineering & Shipbuilding Co. Ltd. and Taketsune Matsumura as General Manager of Strategic Planning Sect., Corporate Planning Dept., Corporate Planning Hq. and Manager of IR Dept., Mitsui Engineering & Shipbuilding Co. Ltd. The company also announced that the Directors to Resign are: Shinsuke Minoda and Shinsuke Nippo.