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December 16, 2004
Press Release

KENWOOD newly established the Business Development Operation to facilitate strong promotion of M&A and strategic alliance activities, which are expected to accelerate the achievement of future strategies for growth.

On December 16, 2004, KENWOOD Corporation (President&CEO: Haruo Kawahara; Head office: Hachioji, Tokyo) reorganized its operations and reassigned some personnel to facilitate the implementation of the current fiscal year's basic policy: "enhancement of competitiveness and promotion of a growth strategy towards a new leap forward."

1. Objectives of organizational changes and personnel transfers on December 16, 2004

Establishment of Business Development Operation

KENWOOD separated the business development functions, such as strategic alliance activities that will be an important part of the future growth strategy, from the Corporate Planning Office, the Strategic Business Planning Division. The Company newly established the Business Development Operation under the direct control of the CEO. With this new configuration, the Company will be able to strongly promote its business development functions.

2. Change in executive officer duties

With the establishment of the Business Development Operation, the Company changed the executive officers' assignment on December 16.

Name New Duties Previous Duties
Kazuo Shiohata Executive Vice President & Executive Officer
CFO
Assistant to CEO; Equity, IR & PR Affairs
supporting Business Development Operation
Chairman of KENWOOD Pension Fund		 Executive Vice President & Executive Officer
CFO
Assistant to CEO; Equity, IR & PR Affairs
Chairman of KENWOOD Pension Fund
Hiroyasu Hata Executive Vice President & Executive Officer
Assistant to CEO; Personnel & Employment
Chairman of KENWOOD Health Insurance Association		 Executive Vice President & Executive Officer
Assistant to CEO; Personnel & Employment
General Manager, Strategic Business Planning Div.
Chairman of KENWOOD Health Insurance Association

3. Personnel transfers

Name New Duties Previous Duties
Kiyoshi Niki CIO
General Manager, Strategic Business Planning Div.
Senior Manager, Technology Office
Senior Manager, Corporate Planning Office
 CIO
Assistant to General Manager, Strategic Business Planning Div.
Senior Manager, Technology Office,
IT Initiative
Advertising & Brand Management Office
Kazuhiko Nagata General Manager, Business Development Operation Assistant to General Manager, Strategic Business Planning Div.
Senior Manager, Corporate Planning Office

For queries regarding this article, please contact:

Public Relations Office
KENWOOD Corporation (Japan)
Tel: +81-426-46-6724
Fax: +81-426-46-1440
Email: pr.qa@pr.kenwood.co.jp


Updated 04/12/16 (C) 2004 KENWOOD Corporation

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