Appointment of President and Chairman Effective April 1, 2007
22 February 2007
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The Board of Directors of Yokogawa Electric Corporation resolved in a meeting on January 30 to appoint Shuzo Kaihori, Director and Senior Vice President, Industrial Automation Business Headquarters, to the position of Representative Director and President, and to appoint Isao Uchida, Representative Director and President, as Representative Director and Chairman. This transfer of responsibilities will take effect on April 1, 2007.
Under the VISION-21 & ACTION-21 corporate strategy announced in January 2000, Yokogawa has been innovating its business structure and enhancing the Group's management efficiency, defining the period up to March 2006 as the First Milestone phase. Based on the structural reforms that were successfully undertaken during this period, in April 2006 the company entered a growth phase leading to a Second Milestone in 2010. At this starting point of the Second Milestone phase, the company has decided to reorganize the management team to fully implement the growth plan.
Mr. Kaihori was born on January 31, 1948. He received a Master's degree in Engineering from the graduate school of Keio University in March 1973. In April 1973 he joined Yokogawa and went on to hold a series of senior positions in engineering, sales, systems marketing, field instruments, and service. From April 2000 to March 2005, he served as President of Yokogawa Corporation of America. In April 2005 he was appointed to the position of Vice President, with responsibility for the industrial automation business, and one year later was promoted to Senior Vice President. He became a member of the Board of Directors in June 2006.
For more information about Yokogawa, please visit our web site at www.yokogawa.com.
For further information please contact:
Maaike Goinga
European Industrial Automation
Yokogawa Europe BV
Databankweg 20
3821 AL Amersfoort
The Netherlands
Tel: +31 33 464 1645
Fax: +31 33 464 1859
Maaike.Goinga@nl.yokogawa.com
www.yokogawa.com/eu
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