Toshiba Memory Corporation Announces Merger with K. K. Pangea and Appointment of New Directors, Executive Officers and Statutory Auditors

TOKYO-Wednesday 1 August 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Toshiba Memory Corporation today announced that it consummated the merger with K. K. Pangea which is its parent company on August 1, 2018. The company name after the merger is Toshiba Memory Corporation. Today the company also introduces the executive officer system to improve the efficiency of business execution and strengthen the corporate governance. The outline of Toshiba Memory and the list of its directors, executive officers and statutory auditors as of August 1, 2018 are as follows.

1. Outline of Toshiba Memory Corporation

Name

        

Toshiba Memory Corporation

Address

           

1-1 Shibaura 1-chome, Minato-ku, Tokyo

Name and Title of

Representative

           

Naruke Yasuo

Representative Director, President and Chief Executive Officer

Capital

           

473,400,025,000 yen

Major Shareholders and

Shareholding Ratios

        

BCPE Pangea Cayman, L.P. 49.9%

Toshiba Corporation 40.2%

Hoya Corporation 9.9%

*Based on ownership of voting rights

  

  

2. List of directors, executive officers and statutory auditors as of August 1, 2018

  

- Director

        

  

Representative Director

        

Yasuo Naruke

  

Director

           

Yuji Sugimoto

  

Director

           

David Gross-Loh

  

Director

           

Masashi Suekane

  

Director

        

Hiroshi Suzuki

                 

  

- Executive Officer

        

  

President and Chief Executive Officer

           

Yasuo Naruke

  

Executive Vice President and Executive Officer (Chief

Operating Officer and Vice President of Memory Division)

           

Tomoharu Watanabe

  

Executive Vice President and Executive Officer (Chief

Technology Officer)

           

Nobuo Hayasaka

  

Managing Executive Officer (Chief Financial Officer )

           

Hideki Hanazawa

  

Managing Executive Officer (Chief Production Officer and

General Manager, Yokkaichi Operations)

           

Tomoharu Matsushita

  

Managing Executive Officer (Chief Marketing Officer)

           

Naohisa Sano

  

Managing Executive Officer (Vice President of SSD Division)

           

Masashi Yokotsuka

  

Executive Officer (Chief Strategy Officer)

           

Shinichi Hashimoto

  

Executive Officer (Chief Information and Security Officer)

           

Akio Oka

  

Executive Officer (General Manager, Legal Affairs Division)

           

Takahiro Asakura

  

Executive Officer (General Manager, Human Resources and

Administration Division)

        

Kyota Okishiro

                 

  

- Statutory Auditor

        

  

Statutory Auditor

           

Yurio Ogawa

  

Statutory Auditor

           

Shunsuke Nakahama

  

Statutory Auditor

        

Isao Morita

  

About Toshiba Memory Corporation

Toshiba Memory Corporation, a world leader in memory solutions, is dedicated to the development, production and sales of flash memory and SSDs. In April 2017, Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Toshiba Memory pioneer cutting-edge memory solutions and services that enrich people's lives and expand society's horizons. The company's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high density applications including advanced smartphones, PCs, SSDs, automotive and data centers. For more information on Toshiba Memory, please visit https://business.toshiba-memory.com/en-apac/top.html

Contacts

Toshiba Memory Corporation

Kota Yamaji, +81-3-3457-3473

Business Planning Division

semicon-NR-mailbox@ml.toshiba.co.jp

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