NSG Group Changes in Senior Management and Board Membership
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.