Kubota Corporation ("the Company") has resolved at the Meeting of Board of Directors held on November 7, 2017 to change Executive Officers to be effective from January 1, 2018 as follows.
Changes of T itle of Executive Officers <Date of change: January 1, 2018 (to be scheduled)>
Name
New title
Current title
Masato Yoshikawa
Director and
Senior Managing Executive Officer
Director and
Managing Executive Officer
Takao Shomura
Managing Executive Officer
Executive Officer
Yuji Tomiyama
Managing Executive Officer
Executive Officer
Kazunari Shimokawa
Managing Executive Officer
Executive Officer
Mutsuo Uchida
Managing Executive Officer
Executive Officer
Nobuyuki Ishii
Managing Executive Officer
Executive Officer
Candidates for New Executive Officers <Date of change: January 1, 2018 (to be scheduled)>
Name
Current responsibility
Koichiro Kan
General Manger of Farm Machinery Engineering Europe Dept.
Hirohiko Arai
General Manager of Tsukuba Plant
Tomohiro Iitsuka
Deputy General Manager of Farm Machinery Japan Operation and General Manager of Farm Machinery Japan Operation Planning and Sales Promotion Dept.
Kazushi Ito
General Manager of Strategic Planning Dept.
Retirement of Executive Officers (Expiration of the term of office)
End of document
<Date of retirement: December 31, 2017 (to be scheduled)>
Name
After retirement (Date of assuming office: January 1, 2018)
Satoshi Iida
Hiroshi Matsuki
Chairman of KUBOTA KASUI Corporation
Hiroshi Kawakami
President of KUBOTA Seiki Co.,Ltd.
Hironobu Kubota
Chairman of Kubota Manufacturing of America Corporation and Kubota Industrial Equipment Corporation
This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: general economic conditions in the Company's markets, particularly government agricultural policies, levels of capital expenditures, both in public and private sectors, foreign currency exchange rates, the occurrence of natural disasters, continued competitive pricing pressures in the marketplace, as well as the Company's ability to continue to gain acceptance of its products.
Kubota Corporation published this content on 07 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2017 06:18:02 UTC.
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Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).