Mitsubishi Electric Corporation Statement re (Change in Oversight of IR and SR) (0229L)
28 Dezembro 2022 - 4:00AM
UK Regulatory
TIDMMEL
RNS Number : 0229L
Mitsubishi Electric Corporation
28 December 2022
FOR IMMEDIATE RELEASE No. 3568
Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2346
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Mitsubishi Electric Announces Changes in Oversight and
Structure
of Investor Relations and Shareholder Relations
TOKYO, December 27, 2022 - Mitsubishi Electric Corporation
(TOKYO: 6503) announced today that responsibility for t he
functions of investor relations (IR) and shareholder relations (SR)
will be newly assigned to an Executive Officer, effective this
coming January 1, pursuant to a resolution passed during a regular
meeting of the Board of Directors on December 22. The company also
announced a change in the company's IR and SR organizational
structure, effective on the same date.
So far, IR and SR have been managed by the company's Corporate
Finance Division and Corporate Administration Division,
respectively, but these duties will now be consolidated under an
Executive Officer. The purposes are to facilitate more
comprehensive dialogue and information sharing with stakeholders in
regard to these functions, and also to better reflect
capital-market perspectives and opinions in the execution and
oversight of IR and SR management.
In this regard, the company will establish a new division, the
Corporate IR and SR Division, dedicated to dealing with IR and SR
under the direct control of the CEO.
Change in IR and SR Responsibility (effective January 1,
2023)
New Current Name
Title Duties Title Duties
----------------------------- --------- ----------------------------
Executive In charge of Auditing, Executive In charge of Auditing, Kunihiko
Officer CSO (In charge of Corporate Officer CSO (In charge of Corporate Kaga
Strategic Planning, Strategic Planning and
IR and SR, and Operations Operations of Associated
of Associated Companies), Companies), CTO (In
CTO (In charge of Technology charge of Technology
Strategies) Strategies)
----------------------------- --------- ---------------------------- --------
###
About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable,
high-quality products, Mitsubishi Electric Corporation (TOKYO:
6503) is a recognized world leader in the manufacture, marketing
and sales of electrical and electronic equipment used in
information processing and communications, space development and
satellite communications, consumer electronics, industrial
technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit
of its "Changes for the Better." The company recorded a revenue of
4,476.7 billion yen (U.S.$36.7 billion*) in the fiscal year ended
March 31, 2022. For more information, please visit
www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of
122=U.S.$1, the approximate rate on the Tokyo Foreign Exchange
Market on March 31, 2022
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END
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