2001 The former Hitachi Cable News Release
Contains information disclosed through the Tokyo Stock Exchange Timely Disclosure Network (TDnet) and the Osaka Securities Exchange Electronic Disclosure Network (ED-NET).
Provisional Announcement of the New Board of Directors Structure and Summary Resumes for the Outgoing and Incoming Representative Directors
This is to announce a provisional resolution concerning the new board of directors structure as determined at the April 26, 2001 Board of Directors Meeting. In addition, this serves to present summary resumes for the outgoing and incoming Representative Directors.
The above shall be formally decided at the upcoming 64th Ordinary General Meeting of Shareholders and subsequent Board of Directors Meeting on June 28.
1. The New Board of Directors Structure
| President and Representative Director | Seiji Hara |
|---|---|
| Executive Vice President and Representative Director (promoted) | Naoyoshi Kato |
| Senior Executive Managing Director | Ken Kubota |
| Senior Executive Managing Director (promoted) | Yasuo Yatsunami |
| Senior Executive Managing Director (promoted) | Masaru Watanabe |
| Executive Managing Director | Hideoki Oshikiri |
| Executive Managing Director | Hisayoshi Kimura |
| Executive Managing Director (promoted) | Mitsuru Onishi |
| Executive Managing Director (promoted) | Nobuo Ando |
| Executive Managing Director (promoted) | Kenkichi Fujima |
| Board Director (not-standing) | Tsutomu Kanai |
| Board Director | Koji Muraki |
| Board Director | Kiyoshi Shimojima |
| Board Director (new) | Masaru Okazaki |
| Board Director (new) | Yasuhiko Ito |
| Board Director (new) | Seiichi Okubo |
| Board Director (new) | Masanori Atsumi |
| Board Director (new) | Toshio Shiohata |
| Board Director (new) | Kazuhiro Harada |
| Corporate Auditor | Yasuaki Watanabe |
| Corporate Auditor | Koichi Mikoshiba |
| Corporate Auditor(not-standing) | Yoshiki Yagi |
| Corporate Auditor(not-standing) | Masahiro Shimojo |
Auditors Yoshiki Yagi and Masahiro Shimojo are external corporate auditors as provided for in Chapter 18:1 of the "Laws Concerning Exceptions to the Commercial Code Regarding Corporate Auditors."
| Executive Vice President and Representative Director | Yoshihiro Matsuyama |
|---|---|
| Senior Executive Managing Director | Minoru Hirata |
| Senior Executive Managing Director | Norio Saito |
| Executive Managing Director | Tokuji Sento |
| Board Director | Norio Sato |
| Board Director | Masamichi Morishima |
| Board Director | Kenichi Kobayashi |
Among those expected to retire at the upcoming June 28 64th regular stockholders meeting, Executive Vice President and Representative Director Yoshihiro Matsuyama, Senior Executive Managing Director Minoru Hirata, Senior Executive Managing Director Norio Saito, and Executive Managing Director Tokuji Sento will remain with the Company as advisors. Board Director Masamichi Morishima will become the President and Representative Director of Tonichi Kyosan Cable, Ltd., and Executive Vice President and Board Director of Hitachi Cable Sales, Ltd., Board Director Kenichi Kobayashi will become Executive Vice President and Representative Director of J-Power Systems Corporation (tentative name).