Important changes in directors and executive officers

March 5, 2024
Kobelco Construction Machinery Co., Ltd.

Kobelco Construction Machinery Co., Ltd. (or KCM), headquartered in Tokyo, announces that at its Board of Directors meeting held on March 5th, will be making personnel changes as follows.

  1. Retirement of executive officers, effective March 31
  2. Changes of positions and responsibility areas of directors and executive officers, effective April 1
  3. Retirement of a consultant and a permanent consultant, effective March 31
  4. Appointment of directors, which will be discussed at the ordinary general meeting of shareholders scheduled for the end of June 2024

The new structure of officers, effective April 1, as well as the responsibility areas of directors and executive officers, which are to become effective after the ordinary general meeting of shareholders scheduled for the end of June, is included here.

In light of the growing need to flexibly and promptly allocate human resources in response to the rapidly changing business environment, the positions of Senior Managing Executive Officer and Managing Executive Officer will be abolished on April 1, 2024.

1. Retirement of executive officers (effective March 31, 2024)

Name Current Position New Position (effective April 1)
Shinji Kito Director, Senior Managing Executive Officer Director
Takehiko Nakai Executive Officer Consultant

2. Changes, etc. of positions and responsibility areas of directors and executive officers (effective April 1, 2024)

Current Position New Position (effective April 1) Name Current Responsibility Areas New Responsibility Areas (effective April 1)
Director, Senior Managing Executive Officer Director, Executive Officer Hideki Kinugawa Head of Marketing Business Unit and Head of Excavator Sales & Marketing Division, and President & Representative Director of Sasainakamura Co., Ltd. Head of After Sales Division, and Oversees Global IT Systems Department
Director, Managing Executive Officer Director, Executive Officer Seiji Hirata Oversees General Administration & Human Resource Department, Internal Control & Internal Audit Department, and Legal Department Oversees Internal Control & Internal Audit Department, Legal Department, General Administration & Human Resource Department, Corporate Planning & Administration Department, Production Cost Planning Department, and Finance & Accounting Department
Director, Managing Executive Officer Director, Executive Officer Hiroyuki Hosomi Head of Corporate Planning Division (including Overall Management of Business in China) and Oversees Global IT Systems Department Head of Marketing Business Unit and Head of Excavator Sales & Marketing Division
Executive Officer Executive Officer Motoshi Nishioka Head of Crane Sales & Marketing Division, Marketing Business Unit Overall management of Crane Business, and Head of Crane Sales & Marketing Division, Marketing Business Unit
Executive Officer Executive Officer Yoshio Nishida Head of Production Division, and Oversees Safety & Health, Environmental Protection & Disaster Prevention Head of Production Division and Global Production Control Department, and Oversees Safety & Health, Environmental Protection & Disaster Prevention
Managing Executive Officer Executive Officer Yoichiro Yamazaki Oversees Product Development Engineering Division and Business Development Department Oversees Product Development Engineering Division and Business Development Department

3. Retirement of a consultant and a permanent consultant (effective March 31, 2024)

Name Current Position  
Hiroaki Iwamitsu Consultant Scheduled for March 31, 2024
Koichiro Niwata Permanent Consultant Scheduled for March 31, 2024

4. Personnel changes of directors (to be effective at the end of June 2024)

For a list of appointed directors and executive officers, please see the reference on page 4.

Retiring director

Name Position (from April 1) New Position after Retirement (to be effective at the end of June)
Shinji Kito Director Consultant

＜Reference＞