Epson Announces Change of Representative Director and Appointment of New President

- TOKYO, Japan, January 31, 2020 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that a meeting of its board of directors had approved a change of representative director and the appointment of a new president.

1. Details of change

Name New position Previous position
Minoru Usui Director, Chairman President and Representative Director
Yasunori Ogawa President and Representative Director Director, Managing Executive Officer

2. Brief career history of new president

Name Yasunori Ogawa
Date of birth April 11, 1962
Place of birth Aichi Prefecture, Japan
Education Master's Degree from the School of Engineering, Tohoku University Graduate School
Brief career history April 1988 Joined Seiko Epson Corporation
April 2017 Appointed Chief Operating Officer, Visual Products Operations Division
June 2017 Appointed Executive Officer
June 2018 Appointed Director, Executive Officer
October 2018 Appointed General Administrative Manager, Technology Development Division (current position)
June 2019 Appointed Director, Managing Executive Officer (current position)
Appointed Chief Operating Officer, Wearable Products & Industrial Solutions Operations Segment (current position)
Number of Epson shares held 13,000 (as of December 31, 2019)

3. Reasons for change

In March 2019, Epson established its Phase 2 Mid-Range Business Plan aimed at achieving its Epson 25 Corporate Vision. By focusing on priority areas, we aim to respond to changes in the business environment and societal needs, and transition to a business capable of generating high profits.
In the fiscal year ending March 2019, we implemented reforms aimed at strengthening our business structure. In a tough business situation, we have promoted collaboration with partners and open innovation, and have developed and launched original products and services aimed at ensuring future growth.
Going forward we expect significant and ongoing changes to our business environment. Under the leadership and new perspective of Mr. Ogawa we will respond flexibly and rapidly to changes as we seek to improve our corporate value over the medium- and long terms.

4. Date of appointment

April 1, 2020

About Epson
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than US$10 billion.