Sumitomo Heavy Industries, Ltd. announced the following organizational changes and transfers of executive officers and others personnel that were resolved at a board meeting held on November 29, 2023. Transfers of Executive Officers and Others (effective January 1, 2024): Eiji Kojima: Post(s) Retained: Representative Director, Executive Vice President, General Manager of Export Administration Department, General Manager of
Energy & Lifeline Segment; Former Post(s): General Manager of Corporate Planning Group; New Post(s): Assisting the President & CEO in all aspects of operations. Toshiro Watanabe: Post(s) Retained: Director; Former Post(s): Senior Vice President General Manager of Corporate Finance, Accounting & Administration Group; New Post(s): Executive Vice President & CFO. Tatsuro Araki: Post(s) Retained: Director, General Manager of Power Transmission & Controls Group; Former Post(s): Senior Vice President; New Post(s): Executive Vice President. Toshiharu Tanaka: Post(s) Retained: Executive Vice President, General Manager of Globalization Department; New Post(s): General Manager of Corporate Economic Security Department. Shaun Dean: Post(s) Retained: Senior Vice President Assisting the President & CEO in European operations Assisting the General Manager in all aspects of Power Transmission & Controls Group; New Post(s): Sumitomo Heavy Industries (Europe) B.V. Managing Director. Isamu Mitsuhashi: Post(s) Retained: Vice President; Former Post(s): Director of Sumitomo Construction Machinery Co., Ltd. Director of Sumitomo Construction Machinery Sales Co., Ltd.; New Post(s): Representative Director, President & CEO of Sumitomo Construction Machinery Co., Ltd. Representative Director, President & CEO of Sumitomo Construction Machinery Sales Co., Ltd. Hiroyuki Tominaga: Post(s) Retained: General Manager of Industrial Equipment Division; New Post(s): Vice President. Masaki Arai: Former Post(s): Leader of Corporate Planning Department, Corporate Planning Group; New Post(s): Vice President General Manager of Corporate Planning Group. Yasunobu Kazumi: Former Post(s): Senior Vice President Representative Director, President & CEO of Sumitomo Construction Machinery Co., Ltd. Representative Director, President & CEO of Sumitomo Construction Machinery Sales Co., Ltd.; New Post(s): Full-time Adviser Representative Director & Chairman of the Board of Sumitomo Construction Machinery Co., Ltd. Kazuhisa Ishida: Former Post(s): Director of Sumitomo Heavy Industries Construction Cranes Co., Ltd.; New Post(s): Representative Director, President & CEO of Sumitomo Heavy Industries Construction Cranes Co., Ltd. Arata Ishimaru: Former Post(s): Leader of Corporate Administration Department, Corporate Finance, Accounting & Administration Group; New Post(s): General Manager of Corporate Finance, Accounting & Administration Group. Junichi Kasahara: Former Post(s): Leader of General Administration Department, General Administration Group; New Post(s): General Manager of General Administration Group. Effective in late March 2024: External director scheduled to retire: Hideo Kojima, currently External Director.