Notice of Change in Representative Executive Officer and Executive Personnels from NTN
Time：29 Apr,2025
<p style="text-align: center;"><img src="/ueditor/php/upload/image/20250430/1746005269343393.png" title="1746005269343393.png" alt="2.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">NTN Corporation (hereafter, the Company) announced that the Company has made a decision of change of Representative Executive Officer and Executive Officers effective April 1, 2025 at the Board of Directors meeting held on March 25, 2025 as follows. The Company also announced that its Nominating Committee held on the same day has resolved the following candidates for Directors to be submitted to the Company's 126th Annual General Meeting of Shareholders (hereafter, the General Meeting) to be held in June this year.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">1.Change of Executive Officers</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(1) Change of Representative Executive Officer (as of April 1, 2025)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">· Reason of Change</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Transfer of Representative Executive Officer due to the transfer of Officers</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">· Contents of Change</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Name</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">New Position</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Current Position</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Date of Change</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hideaki Miyazawa (Resigned) Representative Executive Officer,<br/>Executive Officer March 31, 2025 </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masaaki Yamamoto Representative Executive Officer,<br/>Executive Officer Executive Officer April 1, 2025 </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">· Name and Profile of the new Representative Executive Officer</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Name: Masaaki Yamamoto(Date of Birth: March 17, 1961) </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Business Career: April 1986 Joined the Company </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">October 2007 General Manager, Finance and Accounting Dept., Finance HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">April 2011 General Manager, Business Administration Dept., Corporate Strategy HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">December 2013 General Manager, Business Administration Dept.,<br/>General Manager, Affiliated Companies Administration Dept., Finance HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">August 2014 Deputy General Manager, Office of General Manager - China Region<br/>Director, NTN (CHINA) Investment Corp. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">April 2015 Operating Officer </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">June 2019 Executive Officer(Current position) </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">June 2022 Director(Current position) </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Number of Shares of the Company held: 69,800 shares (as of September 30, 2024) </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(2) New Executive Officers(as of April 1, 2025)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Tsuyoshi Kikuta</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(Current position: General Manager, Financial Strategy Dept., Group Management HQ.)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Keiji Yanagida</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(Current position: General Manager, Office of General Manager - China Region)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(3) Change of Assignments(as of April 1, 2025)</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Name</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Position</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">New Assignments</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Current Assignments</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masaaki Yamamoto Representative Executive Officer,<br/>Executive Officer ·CFO<br/>(Chief Financial Officer)<br/>·Europe & Africa Region ·CFO(Chief Financial Officer)<br/>·Deputy Corporate General Manager, Group Management HQ.<br/>·Financial Strategy Dept.<br/>·Accounting Dept.<br/>·Europe & Africa Region </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Shumpei Kinoshita Executive Officer ·Deputy Corporate General Manager, Group Management HQ.<br/>·Corporate Strategy Dept.<br/>·Carbon Neutrality Strategy<br/>Promotion Dept.<br/>·Americas Region ·Deputy Corporate General<br/>Manager,<br/>Group Management HQ.<br/>·Corporate Strategy Dept.<br/>·ESG Promotion Dept.<br/>·Carbon Neutrality Strategy Promotion Dept.<br/>·Internal Control Dept. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Ikuya Tateoka Executive Officer ·Corporate General Manager,<br/>CVJ & Axle Bearing Business HQ. ·Deputy Corporate General<br/>Manager, CVJ & Axle Bearing<br/>Business HQ.<br/>·General Manager, Business Strategy Unit, CVJ & Axle Bearing Business HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masayuki Tanio Executive Officer ·In charge of Business Structural Reform ·Deputy Corporate General Manager, Bearing Business HQ.<br/>·General Manager,<br/>Business Strategy Unit,<br/>Bearing Business HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(4) Executive Officers to be resigned(as of March 31, 2025)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hideaki Miyazawa</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(Current position: Representative Executive Officer, Executive Officer)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Etsu Harima</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(Current position: Executive Officer)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Reference:Executive Officers(as of April 1, 2025)</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Name</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Position</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Assignments</span></p><p></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Eiichi Ukai* Representative Executive Officer,<br/>President, Executive Officer ·CEO (Chief Executive Officer)<br/>·Corporate General Manager,<br/>Group Management HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masaaki Yamamoto* Representative Executive Officer,<br/>Executive Officer ·CFO (Chief Financial Officer)<br/>·Europe & Africa Region </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hiroyuki Ichikawa Executive Officer ·Quality HQ.<br/>·Composite Material Product Division<br/>·India Region </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masayuki Kaimi Executive Officer ·Corporate General Manager,<br/>SCM Strategy HQ.<br/>·China Region<br/>·Production Engineering HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Yasuhiro Kawabata Executive Officer ·Deputy Corporate General Manager,<br/>Group Management HQ.<br/>·Human Resources Strategy Dept.<br/>·Personnel Dept.<br/>·General Affairs Dept.<br/>·Legal Dept. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Tsuyoshi Kikuta Executive Officer ·Deputy Corporate General Manager,<br/>Group Management HQ.<br/>·Financial Strategy Dept.<br/>·ESG Promotion Dept.<br/>·Accounting Dept.<br/>·Internal Control Dept. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Shumpei Kinoshita* Executive Officer ·Deputy Corporate General Manager,<br/>Group Management HQ.<br/>·Corporate Strategy Dept.<br/>·Carbon Neutrality Strategy Promotion Dept.<br/>·Americas Region </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Koji Takahashi Executive Officer ·Deputy Corporate General Manager,<br/>Group Management HQ.<br/>·Corporate Communications Dept.<br/>·ICT Strategy Dept. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Ikuya Tateoka Executive Officer ·Corporate General Manager, CVJ & Axle Bearing Business HQ. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masayuki Tanio Executive Officer ·In charge of Business Structural Reform </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Yoshiyasu Nakano Executive Officer ·CTO (Chief Technology Officer)<br/>·Research Division<br/>·Innovation & Business Development HQ.<br/>·New Product and Business Strategy Planning Dept.<br/>·Intellectual Property Strategy Dept. </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Keiji Yanagida Executive Officer ·Corporate General Manager, Bearing Business HQ.<br/>·NTN KOREA CO., LTD.<br/>·ASEAN, Oceania & West Asia Region </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">* Appointed as a Director as well</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">2. Candidates for Directors, etc.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(1) Candidates for Directors (to be submitted to the General Meeting)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Eiichi Ukai * </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masaki Egami </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Shumpei Kinoshita * </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Koji Takahashi * Newly Appointed </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Etsu Harima Newly Appointed </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Masaaki Yamamoto * </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Ryo Kawakami Outside Director </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Yasuo Kitani Outside Director </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Yuriya Komatsu Outside Director </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Tatsuhiko Toshita Outside Director </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Akira Murakoshi Outside Director </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hiromi Wada Outside Director Newly Appointed </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">* To be appointed as an Executive Officer as well</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">(2) Directors to be resigned (after the General Meeting)</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Isao Ozako </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hideaki Miyazawa </span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Tomonori Nishimura (Outside Director) </span></p><p><br/></p>
