Nippon Sheet Glass : Proposed Changes to the Board of Directors
May 20, 2022 at 04:15 am
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20 May 2022
Company
Nippon Sheet Glass Co., Ltd.
Code
5202
Address of Headquarters
5-27, Mita 3-Chome,Minato-Ku,
Tokyo, Japan
Representative Executive Officer
Shigeki Mori
For inquiries
Hiroyuki Genkai
Director, Investor Relations
Telephone
+81-3-5443-0100
Proposed Changes to the Board of Directors
NSG Group, (hereinafter "the Company") announces today that the following proposed changes to its Board of Directors will take effect on 29 June 2022.
1. Proposed changes to the Board of Directors
(1) Proposed Changes
Scheduled on 29 June (at the end of the 156th Ordinary General Meeting of Shareholders)
Name
New
Current
Yasuyuki Kimoto
(Retiring from the Board)
External Director,
Chairperson of the Board
Shinji Asatsuma
External Director
(No current appointment)
Director,
Representative Executive
Representative Executive
Munehiro Hosonuma
Officer,
Officer,
Vice President and COO
Vice President and COO
(Chief Operating Officer)
Director,
Tony Fradgley
Senior Executive Officer,
Senior Executive Officer,
CTrO
CTrO
(Chief Transformation Officer)
The Company has criteria for independence of External Directors with respect to the relationship of that External Director, or a nominee thereof, with the NSG Group, its other Directors and Officers and/or major shareholders, taking into account the criteria of independence set out by the Tokyo Stock Exchange. Shinji Asatsuma satisfies these criteria and are therefore nominated as Independent External Director.
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Joined Nikken Sekkei Ltd Joined Boston Consulting Group
Joined Sumitomo 3M Limited (Currently 3M Japan Limited)
Business Development Senior Manager, Display and Graphics Business Group General Manager, Cleaning and Workplace Safety Division of Sumitomo 3M Limited General Manager, Infection Prevention Division of 3M Japan Limited
Joined the Company
Senior Corporate Officer, CCPO (Chief Corporate Planning Officer) Senior Executive Officer, Head of Architectural Glass SBU Representative Executive Officer, Vice President and COO (Present)
Profile of Nominees Shinji Asatsuma
【Date of Birth】2 February 1961
April 1984
Joined Kansai Paint
April 2012
Executive Officer, General Manager Corporate Planning Office
April 2015
Managing Executive Officer, General Manager International Div.
June 2016
Director, Managing Executive Officer, General Manager Administration Div.
April 2018
Director, Managing Executive Officer, in charge of Management, Corporate Planning,
IS, Human Resources Planning, General Manager Administration Div.
June 2019
External Director, Kyushu Railway Company (Present)
Munehiro Hosonuma
【Date of Birth】27 November 1972 【Biography】
April 1998
July 2005 October 2010
September 2013
April 2017
August 2018
January 2021
April 2022
Tony Fradgley
【Date of Birth】4 June 1968 【Biography】
January 1989
Joined RAC Motoring Services Ltd.
November 1994 Finance Manager, Operations
September 1996 Joined GE Capital (CTR Ltd. & TIP Trailer Rental Ltd.) Financial Controller
September 1998
Joined Pilkington plc (Currently Pilkington Group Ltd.)
Financial Controller, Automotive (hereafter "Auto") AGR Europe
January 2004
Finance Director, Auto UK and Auto AGR Europe
January 2006
Finance Director, Auto AGR
September 2007
Managing Director, Auto AGR Europe
February 2012
Senior Corporate Officer, Head of Auto AGR
April 2015
Senior Corporate Officer, Head of Auto AGR and Auto OE
April 2016
Executive Officer, Head of Auto AGR and Auto OE
June 2019
Senior Executive Officer, Head of Auto AGR and Auto OE
October 2020
Senior Executive Officer, CTrO (Present)
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2. Future arrangements
Yasuyuki Kimoto is to retire from the Board of Directors at the end of the 156th Ordinary General Meeting of Shareholders to be held on 29 June 2022, after serving as an Independent External Director for the full term of six years since the appointment in June 2016, in accordance with the NSG Group Corporate Governance Guidelines.
The proposed appointments of Shinji Asatsuma, Munehiro Hosonuma, and Tony Fradgley are subject to shareholders' approval and will be formally decided at the 156th Ordinary General Meeting of Shareholders which will be held on 29 June 2022. With these appointments, the number of Independent External Directors would be four after the change, which equals to half of the Board of Directors consisting of eight members in total.
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Disclaimer
NSG - Nippon Sheet Glass Co. Ltd. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 08:14:11 UTC.
Nippon Sheet Glass Company, Limited is mainly engaged in the manufacture and sale of glass products. The Company operates in four business segments. The Construction Glass segment provides sheet glass for construction material market and processed glass for interior and exterior uses. The Automobile Glass segment offers glass products for new automobile assembly and repair uses. The Functional Glass segment offers thin sheet glass for small displays, printer lens and optical components, as well as glass fiber products, such as battery separators and engine timing belt materials. The Other segment is involved in corporate management and other small businesses.