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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