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Changes in Board Membership

Date
25 Mar 2016

Nippon Sheet Glass Co., Ltd. (“Company” or “NSG”), announces the proposed changes in the Company’s Board of Directors as follows.

1. Changes in Board Membership

Messrs. Seiichi Asaka and Hiroshi Komiya are to retire from the Board at the end of Ordinary General Meeting of Shareholders to be held late June 2016, after serving as External Directors for six years since the appointment in June 2010, in accordance with the internal rules of the Company.

2. Profiles of Nominees

  • Yasuyuki Kimoto Date of Birth: 26 February 1949

[Profile]

1971

Jointed Sumitomo Bank (Current Sumitomo Mitsui Banking Corporation)

1998

Director

1999

Director and Executive Officer

2002

Director Senior Executive Officer

2004

Managing Director and Managing Executive Officer

2005

Senior Managing Director and Senior Managing Executive Officer

2005

Japan Research Institute, Limited

2006

President and CEO

2012

Senior Advisor

2012

Chairman, Olympus Corporation

2015

Non-Executive Auditor, DMG Mori Seiki Co., Ltd. (current)


  • Masatoshi Matsuzaki Date of Birth: 21 July 1950

[Profile]

1976

Joined Konishiroku Photo Industry Co., Ltd. (Current, Konica Minolta, Inc.)

1999

General Manager, System Development Division,
Office Document Company of Konica Corporation (Current, Konica Minolta, Inc.)

2002

General Manager, System Development Division/Product Planning Group Leader, Sales Dept., Office Document Company

2003

Director, Konica Minolta Business Technologies Inc.

2005

Executive Officer, Konica Minolta Holdings, Inc.
Representative Director and President, Konia Minolta Technology Center, Inc.

2006

Director and Senior Executive Officer,
Konica Minolta Holdings, Inc.

2009

Director, President and Chief Executive Officer, Representative Executive Officer, Konica Minolta Holdings, Inc.

2013

Director, President and Chief Executive Officer, Representative Executive Officer, Konica Minolta, Inc.

2014

Director and Chairman of the Board of Konica Minolta, Inc. (Current)
Chairman of Japan Business Machine and Information System Industries Association (Current)

2. Future arrangements

The proposed appointments above will be formally decided at the 150th Ordinary General Meeting of Shareholders to be held late June 2016.  The number of External Directors, currently four, will not be affected by these changes.

The current External Directors are registered with the Tokyo Stock Exchange (“TSE”) as Independent Directors.  In addition to the criteria set by the TSE, the Company has more stringent criteria regarding the independence of Directors, considering their relationships with the NSG Group itself, its Directors, officers and/or major shareholders.  All the four current External Directors and Messrs. Yasuyuki Kimoto and Masatoshi Matsuzaki meet the independence requirements of the TSE and NSG.