18 March 2015
Tokyo, March 18, 2015 – Hitachi, Ltd. (TSE:6501) today announced new outside director candidate to be proposed at its ordinary general meeting of shareholders in June 2015, in accordance with a resolution at a meeting of Nominating Committee convened today.
Hitachi has worked actively over the years to strengthen its corporate governance. For instance, Hitachi adopted the Committees System under Japanese law in 2003 and had made outside directors the majority on the Board of Directors since 2012 with the aim of creating a framework for quick business operation and making management highly transparent. Hitachi this year increases non-Japanese outside director candidates in order to better reflect various global viewpoints in management to drive further growth on a global basis as well as to further strengthen management oversight.
1. Director Candidates [* New]
Note: Director Candidates are listed in Japanese alphabetical order of surname within each grouping.
<Outside Director>
Nobuo Katsumata, currently Outside Director of Hitachi, Ltd., Senior Corporate Advisor of Marubeni Corporation
Cynthia Carroll, currently Outside Director of Hitachi, Ltd., Non-Executive Director of BP plc. (UK)
Sadayuki Sakakibara, currently Outside Director of Hitachi, Ltd., Chairman of the Board, Toray Industries, Inc.
George Buckley, currently Outside Director of Hitachi, Ltd., Chairman of Arle Capital Partners Limited (UK)
*Louise Pentland, former Executive Vice President and Chief Legal Officer, Nokia Corporation (Finland)
Harufumi Mochizuki, currently Outside Director of Hitachi, Ltd., President and Representative Director of Tokyo Small and Medium Business Investment & Consultation Co., Ltd.
Philip Yeo, currently Outside Director of Hitachi, Ltd., Chairman of SPRING Singapore
Hiroaki Yoshihara, currently Outside Director of Hitachi, Ltd., Outside Director of Murata Manufacturing Co., Ltd.
<Director>
Hiroaki Nakanishi, currently Director, Representative Executive Officer and Chairman & CEO of Hitachi, Ltd.
Toshiaki Higashihara, currently Director, Representative Executive Officer and President & COO of Hitachi, Ltd.
Takashi Miyoshi, currently Director of Hitachi, Ltd.
Nobuo Mochida, currently Director of Hitachi, Ltd.
Note: Hitachi announced the director candidates other than Ms. Pentland and retiring director on February 4, 2015.
Each Committee will be composed of the following members (Chair Underlined)
Nominating Committee | Nobuo Katsumata, Sadayuki Sakakibara, Harufumi Mochizuki, Hiroaki Nakanishi |
Audit Committee | Takashi Miyoshi, Nobuo Katsumata, Harufumi Mochizuki, Hiroaki Yoshihara, Nobuo Mochida |
Compensation Committee | Harufumi Mochizuki, Nobuo Katsumata, Sadayuki Sakakibara, Toshiaki Higashihara |
2. Biography of New Director Candidate
Louise Pentland
1. Date of Birth | April 11, 1972 | |
2. Country of Birth | UK | |
3. Education | ||
June, 1995 | Postgraduate Diploma in Law, University of Northumbria, Newcastle upon Tyne (UK) | |
June, 1994 | Graduated from University of Northumbria, Newcastle upon Tyne (UK), LLB (Hons), Law | |
4. Professional Experience | ||
February, 2011 | Executive Vice President and Chief Legal Officer, Nokia Corporation (Finland) (Retired in May, 2014) | |
June, 2009 | Admitted to New York Bar | |
July, 2008 | Senior Vice President and Chief Legal Officer, Nokia Corporation | |
September, 2007 | Vice President, Acting Chief Legal Officer, and Head of IP Legal, Nokia Corporation | |
January, 2004 | Vice President and Head of Legal, Enterprise Solutions, Nokia Corporation | |
July, 2001 | Senior Legal Counsel, Nokia Networks, Nokia Corporation | |
May, 1998 | Legal Counsel, Nokia UK Ltd. | |
August, 1997 | Commercial Solicitor and Lawyer, Avon Cosmetics Ltd. (UK) Admitted as a Solicitor (UK) | |
July, 1995 | Trainee Solicitor, Mark Gilbert Morse LLP (UK) | |
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Contacts
US
Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com
Japan
Keisaku Shibatani
Hitachi, Ltd.
+81-3-5208-9324
keisaku.shibatani.tj@hitachi.com
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
