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NSG Group Changes in Senior Management and Board Membership

Date
15 Apr 2010

NSG Group, (hereinafter “the Company”) announces that, at the meeting of the Board of Directors of the Company held today, the following changes in the positions of the Company’s representatives were agreed.

1. Content of changes in senior management including Representative

 

New Position

Name

Previous Position

Retiring from the Board

Yozo Izuhara

Director Chairman of NSG Group

Director Chairman of NSG Group

Katsuji Fujimoto

Representative Executive Director, President & CEO

Representative Executive Director, President & CEO

Craig Naylor

 

 

Katsuji Fujimoto is appointed Chairman of NSG Group. Yozo Izuhara retires from the Board and becomes Senior Adviser. Tomoaki Abe remains Vice-Chairman.

Craig Naylor is appointed President and CEO of the NSG Group. He will join the Company on 1 May 2010 as CEO Designate and will assume his responsibilities as Representative Executive Director, President and CEO on 29 June 2010.

As Chairman of the NSG Group, Katsuji Fujimoto will ensure that the Company is run in accordance with its long-term objectives and strategy and guiding Values and Principles. He will also provide support to the Executive in communicating with stakeholders, governments and other external organizations of importance to the Group.

The Company's proposal on composition of all directors and executive directors for the next term will be announced at a later date.

2. Reason for changes

The appointment of Katsuji Fujimoto follows the decision of Yozo Izuhara to retire from the Board. The appointment of Craig Naylor as President and CEO continues the process of evolution of the NSG Group into an international corporation, building on progress made so far on the integration and development of the Group's global management structure.

3. Profile of New Representative

 

Name

Craig Naylor

Date of birth

24 November 1948

Nationality

US Citizen (Place of birth: Media, Pennsylvania, USA)

Higher Education

BS Chemical Engineering, Stevens Institute of Technology, USA (1970)

Career

Jun. 1970

Joined E. I. du Pont de Nemours and Company (DuPont)

1974 - 1984

Positions in chemical engineering project management, sales & marketing and production and product management (USA)

1985 - 1987

Development Manager, Engineering Polymers (USA)

1987 - 1991

Regional Director DuPont Automotive, Asia Pacific (Japan)

1991 - 1992

Products Director, Engineering Polymers (USA)

1992 - 1996

Global Business Director, Nylon Resins (Switzerland)

1996 - 2000

Vice President & General Manager, Engineering Polymers (Switzerland)

2000 - 2002

Group Vice President & General Manager, Engineering Polymers, Fluoroproducts and Packaging & Industrial Polymers (Switzerland)

2002 - 2003

Group Vice President DuPont Performance Materials (USA)

2004

Group Vice President Asia Pacific (China)

Jun. 2004 - Dec. 2006

Group Vice President DuPont Electronic & Communication Technologies (USA)

Feb. 2005 - Sep. 2009

Non-executive director, Delphi Corporation

 

4. Effective date of changes

The proposed changes to directors are subject to shareholder agreement and will be formally decided at the 144th Ordinary General Meeting of Shareholders, which will be held on 29 June 2010 and at a meeting of the Company's board following the shareholders meeting. The changes and appointments will take effect immediately following such approval on that date.