2013

NEWS RELEASE

November 6, 2013

Notice on Changes in Appointed Duties of Directors
as of November 6, 2013

JVCKENWOOD Corporation (JVCKENWOOD) hereby announces changes in the appointed duties of directors effective November 6, 2013 as follows.

1. Purport of changes in the appointed duties of directors

The Company released today (as of November 6) “Accounting Report for the First Half of Fiscal Year Ending March 2014” and “Notice on Revision of Earning Forecast for the Fiscal Year Ending March 2014 and Dividends Forecast.” As stated in these documents, due to rising costs in domestic businesses, which are adversely affected by the yen’s depreciation, as well as shrinking overseas consumer businesses, the Company has significantly revised its forecast for the fiscal year ending March 2014 downward from initial expectations.

Until now, as the Company’s management team, the Board of Directors has focused on overseeing business execution, while taking initiatives for the new innovations embodied in the “ways of the Company.” To overcome these difficulties as soon as possible, the management team will focus on establishing a new structure, which will restore and transform the Company for its further development.


(1) Haruo Kawahara, Representative Director of the Board and Chairman of the Board of Directors is appointed Chief Executive Officer (CEO)

Kawahara will determine the business restructuring plan and oversee execution and results of action plans under the business execution system. He will also lead the Corporate Innovative Task Force, which is driving next-generation businesses and growth strategies, and transform the Company in a hurry for its further development.


(2) Shoichiro Eguchi, President and Representative Director of the Board is appointed Chief Operating Officer (COO)

Eguchi will oversee the business execution system by implementing action items of the corporate restructuring plan and focus on achieving business performance.


Due to the above changes, the number of directors serving concurrently as executive officer increases by one to five. The three external directors overseeing business execution remain unchanged.

2. Change in Appointed Duties of Director

Name New Duties Former Duties
Haruo Kawahara Representative Director of the Board,
Chairman of the Board,
Chief Executive Officer (CEO)
Representative Director of the Board,
Chairman of the Board
Shoichiro Eguchi President, Representative Director of the Board,
Chief Operating Officer (COO),
Chief Risk Officer,
In charge of Car Electronics Segments,
General Executive of Strategic Design Division,
President of JVCKENWOOD Design Corporation
President, Representative Director of the Board,
Chief Executive Officer (CEO),
Chief Risk Officer,
General Executive of Strategic Design Division,
President of JVCKENWOOD Design Corporation,
In charge of Car Electronics Segments
Kazuhiro Aigami Director of the Board,
Senior Executive Vice President & Executive Officer, in charge of Professional Systems Segments,
General Executive of Corporate Planning / Production Strategy Planning Division,
General Executive of Procurement Strategy Division,
General Executive of Emerging Market Planning Division
Director of the Board,
Senior Executive Vice President & Executive Officer, in charge of Professional Systems Segments,
Responsible for strengthening Procurement,
Assistant to CRO,
General Executive of Emerging Market Planning Division,
General Executive of Procurement Strategy Division
Naokazu Kurihara Director of the Board,
Executive Vice President & Executive Officer, in charge of Optical & Audio Segments
General Executive of Imaging Division,
General Manager of Business Planning Operation, Imaging Division
Director of the Board,
Executive Vice President & Executive Officer, in charge of Optical & Audio Segments
Responsible for strengthening General Administration,
Assistant to CRO,
Emerging Market Planning Division,
General Executive of Imaging Division,
General Manager of Business Planning Operation, Imaging Division
Masaaki Saito Senior Executive Vice President & Executive Officer, in charge with Entertainment Software Segments,
President of Victor Entertainment, Inc.
Senior Executive Vice President & Executive Officer, in charge with Entertainment Software Segments,
Assistant to CRO,
President of Victor Entertainment, Inc.
Toshiaki Matsuzawa Executive Vice President & Executive Officer, General Executive of Car Electronics OEM Division,
President of Kenwood Nagano Corporation
Executive Vice President & Executive Officer, General Executive of Car Electronics OEM Division,
Assistant to CRO,
President of Kenwood Nagano Corporation,
Emerging Market Planning Division
Masaki Imai Senior Vice President & Executive Officer, General Executive of Human Resources Management Division,
Responsible for Administration
Senior Vice President & Executive Officer (responsible for Human Resources Management),
General Executive of Corporate Planning / Production Strategy Planning Division,
General Executive of Human Resources Management Division,
Emerging Market Planning Division
Hisao Kikuchi Operating Officer, General Executive of Image·Optical Device Division,
Assistant to COO,
General Executive of Optical Component Operation, Image·Optical Device Division, President of JVCKENWOOD Optical Components Corporation
Operating Officer, General Executive of Image·Optical Device Division,
Assistant to CEO,
General Executive of Optical Component Operation, Image·Optical Device Division, President of JVCKENWOOD Optical Components Corporation,
Emerging Market Planning Division
Nobuchika Kinoshita Operating Officer, President of Kenwood Geobit Corporation.,
Assistant to COO (responsible for Domestic Sales & Marketing)
Operating Officer, President of Kenwood Geobit Corporation.,
Assistant to CEO (responsible for Domestic Sales & Marketing)

* Underlined section indicates change in duty.

* Duty which is not posted on “New Duties” is recognized as remove from their “Former Duties”.

For further information, please contact:

Inquiries from the press
Public and Investor Relations Dept., Corporate Strategy Division, JVCKENWOOD Corporation
3-12 Moriya-cho, Kanagawa-ku, Yokohama-shi, Kanagawa Prefecture 221-0022
TEL: +81-45-444-5232

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