Furukawa to Appoint Its First Two Foreign Corporate Vice Presidents

Furukawa Electric Co., Ltd. will appoint two foreign Corporate Vice Presidents (CEO of OFS Fitel^{(Note 1)}, LLC and President of Furukawa Industrial S.A. Produtos Eletricos (FISA)^{(Note 2)}) for the first time as of April 1. Taking this opportunity, the Company will utilize the knowledge and experience of the foreign Corporate Vice Presidents to proactively promote its group/global management.

The aim of the appointments

• The Company will broadly utilize the knowledge and experience of the appointees from the standpoint of strengthening group/global management.
• The move will send a message to stakeholders that the Company will strengthen its group/global management.
• By appointing Corporate Vice Presidents, the Company will improve recognition (loyalty) and motivation regarding group/global management.

Role/mission

The new Corporate Vice Presidents, regardless of the business domains in which they manage their affiliated companies, will propose specific plans for the Group’s overseas development from a broad perspective or for building a group/global structure, or will also propose specific plans such as one that focuses on expanding in a trade zone. They will, in turn, exchange views with other officers.