Mitsubishi Electric Announces Transfer of a Director, Changes in Executive Officers’ Division of Duties, and Organizational Reform

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announces a transfer of Directors as of October 1, 2021 as detailed below. In addition, changes were made to an individual Executive Officer’s division of duties and the organization, both effective October 1, 2021, based on resolutions passed during the extraordinary meeting of the Board of Directors.

1. Transfer of a Director (effective October 1, 2021)

(1) Reason for the Transfer

In light of the investigation into improper quality control practices and implementation of reform roadmap (First Report) disclosed today, Mr. Masaki Sakuyama has submitted his resignation because he considers that he should step aside and the Chairman of the Board should be selected from among Outside Directors in order to further strengthen the function of supervising management in an effort to enhance the effectiveness of the Board of Directors. The Company accepted his resignation.

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