Daihatsu to Introduce New Management System

Apr. 26, 2006

Daihatsu Motor Co., Ltd. (DMC) announced today that it plans to introduce a new management system that features a streamlined board of directors, the new position of officer, and a new organizational structure.
The new management system has been established to respond to enhanced globalization of the company’s operations, to strengthen corporate governance, and to improve the overall management culture. Highlights of the new management system are as listed below.

Highlights of new management system

1. Streamlined board of directors

Objective

  • To rejuvenate the board of directors and speed up the managerial decision-making process.

Highlights

  • The number of directors will be reduced from current 26 to 9. Executive vice presidents and the directors below the rank of executive vice president will serve concurrently as officers.

2. New position of officer (Non-board executive officers)

Objective

  • To strengthen and accelerate operational functions.

Highlights

  • Each officer will be appointed for a one-year term. Officers will be appointed as heads of strategic organizations and senior executives of major subsidiaries.

3. Introduction of functional business groups

Objective

  • Achieve clearer delineation of responsibilities and realize organizations to accomplish missions by conducting operations on an individual business group basis.
  • Utilize personnel strategically through the broader organizational structure.

Highlights

  • Business groups will be organized by function and headed by executive vice presidents and the directors below the rank of executive vice president.

The new board of directors and officers will be officially appointed pending approval at this year's ordinary general shareholders' meeting and at the board of directors meeting following the ordinary general shareholders' meeting on June 29.

Planned executive changes associated with the introduction of the new management system are as described below.

Planned executive changes - To be officially implemented on June 29, 2006

1. New director

Tetsuya Honda (Currently Advisor of DMC and President of Akashi Kikai Seisakusho, will be appointed as Managing Director of DMC)
 

2. New corporate auditors

Kosuke Ikebuchi (Currently Senior Advisor to the Board / Senior Technical Executive of Toyota Motor Corporation)
Hideaki Otaka (Currently Senior Advisor to the Board of Toyota Motor Corporation)

3. Retiring directors

Nobuo Fujieda (Currently Managing Director, will be appointed as Advisor of DMC)
Koichi Fujikawa (Currently Managing Director, will be appointed as Advisor of DMC)
Kazuki Uoi (Currently Managing Director, will be appointed as Advisor of DMC)
Hiroshi Ogawara (Currently Director, will be appointed as Advisor of DMC)
Jitsuro Ito (Currently Director, will be appointed as Advisor of DMC)
Masanori Mitsui (Currently Director, will be appointed as Advisor of DMC)
Katsuyuki Morishita (Currently Director, will be appointed as Executive Officer of DMC)
Yukio Koshida (Currently Director, will be appointed as Executive Officer of DMC)
Hiroshige Nagoya (Currently Director, will be appointed as Executive Officer of DMC)
Hiroaki Iwabe (Currently Director, will be appointed as Executive Officer of DMC)
Hideki Nomura (Currently Director, will be appointed as Executive Officer of DMC)
Kenji Baba (Currently Director, will be appointed as Executive Officer of DMC)
Takanori Matsuo (Currently Director, will be appointed as Executive Officer of DMC)
Jun Nagata (Currently Director, will be appointed as Executive Officer of DMC)
Kunihiko Morita (Currently Director, will be appointed as Executive Officer of DMC)
Tadafumi Aisaka (Currently Director, will be appointed as Executive Officer of DMC)
Masahiro Takahashi (Currently Director, will be appointed as Executive Officer of DMC)
Toshiharu Imanishi (Currently Director, will be appointed as Executive Officer of DMC)

4. Retiring corporate auditors

Mitsuo Kinoshita  
Yosuke Uchida  
 

5. Promoted director

Shin Kimura  
 

6. New executive officers

Eiji Nakajima (Currently Senior General Manager and Global Strategic Production Planning Div.of Toyota Motor Corporation)
Sachio Yamazaki (Currently Project General Manager of Asia Div.)
Naoto Kitagawa (Currently Deputy General Manager of Product Planning Div.)
Masayuki Yamaguchi (Currently General Manager of China Div.)
Masafumi Tamai (Currently General Manager of General Administration & Personnel Div.)
Katsuhiro Ikoma (Currently General Manager of Quality Assurance Div.)
Sunao Matsubayashi (Currently Executive Chief Engineer of Product Planning Div.)
Yasunori Nakawaki (Currently Project Manager of Drive Train Engineering Div.)
Hitoshi Horii (Currently Deputy General Manager of Domestic Sales Div.)
Masahiro Fukutsuka (Currently Executive Chief Engineer of Product Planning Div.)
 
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