Mitsubishi Electric Corporation announced a transfer of Directors as of October 1, 2021. 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. 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.