TOKYO - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of July 28, 2021.

In addition, at an extraordinary meeting of the Board of Directors held on July 28, 2021, resolutions were made concerning a successor to the positions of President & CEO and Representative Executive Officer, as well as with regard to the executive officer structure.

About Mitsubishi Electric Corporation

With 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its 'Changes for the Better.' The company recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion) in the fiscal year ended March 31, 2021.

Contact:

Email: prd.gnews@nk.MitsubishiElectric.co.jp

Web: www.MitsubishiElectric.com

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