2005 The former Hitachi Cable News Release
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Company name: Hitachi Cable, Ltd.
(Code Number: 5812)
Sumitomo Electric Industries, Ltd.
(Code Number: 5802)
Notice of changes in Directors of J-Power Systems Corp.
J-Power Systems Corp. (President: Kusuo Sanjo), a joint venture of Hitachi Cable, Ltd. (President & CEO: Norio Sato) and Sumitomo Electric Industries, Ltd. (President: Masayoshi Matsumoto), has announced the following informal decision concerning changes in the membership of its Directors.
A formal decision concerning these changes is planned for the Regular Shareholders' Meeting scheduled for June 27, 2005.
1. Changes effective June 27, 2005
Titles in parentheses indicate current positions as of May 19, 2005.
Representative Director and Chair: Kusuo Sanjo (now Representative Director and President)
Representative Director and President: Kiyoshi Shimojima (now Representative Director and Vice-President)
2. Name and background of new President:
| Name: | Kiyoshi Shimojima | |
| Birthplace: | Nagano prefecture | |
| Date of birth: | 24-Jan-45 | |
| Highest degree attained: | Graduated from the Mechanical Engineering program, Graduate School of Engineering, Doshisha University | |
| Work history: | April 1970: | Joined Hitachi Cable, Ltd. |
| July 1998: | Appointed Deputy General Manager, Densen Works, Hitachi Cable, Ltd. | |
| June 1999: | Appointed Board Director; Deputy Group Executive, Semiconductor Materials & Packaging Group; and General Manager, Densen Works, Hitachi Cable, Ltd. | |
| June 2003: | Appointed Executive Officer; Deputy Group Executive, Semiconductor Materials & Packaging Group; and General Manager, Densen Works, Hitachi Cable, Ltd. | |
| June 2004: | Resigned as Executive Officer; Deputy Group Executive, Semiconductor Materials & Packaging Group; and General Manager, Densen Works, Hitachi Cable, Ltd. Appointed Representative Director and Vice-President, J-Power Systems Corp. | |
| (1) Lines of business: | Research, development, design, manufacturing, construction, and sales of power cables, overhead cables, attendant products, and related systems |
| (2) Established: | Jul-01 |
| (3) Capital: | 4 billion yen |
| (4) Sales: | 53.2 billion yen (FY 2005) |
| (5) Owners: | Sumitomo Electric Industries (50%), Hitachi Cable (50%) |
| (6) Number of employees: | approximately 1,000 |
| (7) Representative: | Kusuo Sanjo, Representative Director and President |
| (8) Head Office: | Mita 43 MT Building, 3-13-16 Mita, Minato-ku, Tokyo, Japan |
| (9) Business facilities: | Toyoura Works (Hitachi, Ibaraki Pref.), Hitaka Works (Hitachi, Ibaraki Pref.), Osaka Works (Konohana-ku, Osaka), Tokyo Installation Center (Ota-ku, Tokyo), Osaka Installation Center (Konohana-ku, Osaka) |
Address any inquiries concerning this press release to:
J-Power Systems Corp.
Administration Department: Tel. +81-3-5232-4700
Sumitomo Electric Industries, Ltd.
Public Relations Dept. (Osaka): Tel. +81-6-6220-4119
Public Relations Dept. (Tokyo): Tel. +81-3-3423-5234
Hitachi Cable, Ltd.
Corporate Communication Section, Administration Department: Tel. +81-03-5252-3261