Renesas Electronics Announces Changes in Executive Personnel and Organizational Structure

(PresseBox) (Tokyo, Japan, ) Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, today announced that the company made decisions at a meeting of the Board of Directors held today on changes in its Members of the Board, Corporate Auditors, Corporate Officers, and the organizational structure as of June 26, 2013. The executive personnel changes follow the changes in Representative Directors which were announced on May 9, 2013, in "Renesas Electronics Announces Changes in Representative Directors and the Titles".

The appointment of new Outside Directors and a new Outside Corporate Auditor will come into effect after the Ordinary General Meeting of Shareholders ("the shareholders meeting") in June 26, 2013, if the capital injection through third-party allotment to The Innovation Network Corporation of Japan (INCJ) and 8 companies has been completed at least one day before the shareholders meeting. If the capital injection is completed on or after the shareholders meeting, the changes will become effective the day after the capital injection is made.

1. Changes in Executive Personnel

Purpose of the Changes


Renesas resolved to change its executive personnel with the aim of speeding up decision-making and execution of business in order to attain an earlier recovery of business performance as well as future growth by completing ongoing structural reforms and accelerating measures for growth.

2. Changes in Organizational Structure

2-1. Establishment of the Corporate Planning Unit


Renesas aims to achieve an earlier recovery of business performance and future growth under the new management structure following the changes in executive personnel announced today. Therefore Renesas is going to establish the Corporate Planning Unit which will oversee the Corporate Planning Division, the Legal & Compliance Division, the Finance & Accounting Division and the Human Resources & General Affairs Division to ensure a robust management structure. This structure will enable close divisional cooperation during the creation of business strategy and during its implementation. Tetsuya Tsurumaru, Representative Director, President and COO, will also be Chief of the Corporate Planning Unit from June 26. 2013.

2-2. Outline of the Changes

Renesas is going to establish the Corporate Planning Unit which will incorporate the Corporate Planning Division, the Legal & Compliance Division, the Finance & Accounting Division and the Human Resources & General Affairs Division.

2-3. Schedule

The new organization is scheduled to be launched on June 26, 2013.

Kontakt

Renesas Electronics Europe
Arcadiastrasse 10
D-40472 Düsseldorf
Alexandra Janetzko
HBI Helga Bailey GmbH
Yoichi Kobayashi
Renesas Electronics Corporation
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