Renesas Makes Management Changes

Renesas Technology Corp. has announced the following changes in its management team, to take effect on April 1, 2007. Renesas Technology is approaching the fourth anniversary of its establishment, and its corporate foundations have been completely implemented. As part of Renesas’ ongoing efforts to further strengthen the company’s system, Renesas is introducing changes in the management team as well as in other areas such as the creation of a new MCU Business Group.

Executive vice president, board director Chikara Onishi, senior vice president, board director Hideo Inayoshi, board director Yutaka Funada, and corporate auditor Koji Tsuchihashi will retire from their positions on March 31. On April 1 Shiro Baba, Hideharu Takebe, and Yasushi Akao will each assume the positions of board director, and executive vice president, board director Chikara Onishi will assume the post of corporate auditor.

Details of the Renesas management changes are as follows:

  • Directors to resign (on March 31, 2007)
    • Chikara Onishi, Executive Vice President, Board Director
      (Scheduled to be appointed as Corporate Auditor on April 1)
    • Hideo Inayoshi, Senior Vice President, Board Director
      (Scheduled to be appointed as Corporate Adviser on April 1)
    • Yutaka Funada, Board Director
      (Scheduled to be appointed as Corporate Adviser on April 1)
    • Koji Tsuchihashi, Corporate Auditor
  • Directors to be promoted (as of April 1, 2007)
    • Shigeo Uoya, Executive Vice President, Board Director
      (Currently Senior Vice President, Board Director)
  • New candidates for Director and Corporate Auditor (as of April 1, 2007)
    • Shiro Baba, Board Director
      (Currently Managing Officer)
    • Hideharu Takebe, Board Director
      (Currently Managing Officer )
    • Yasushi Akao, Board Director
      (Currently Managing Officer)
    • Chikara Onishi, Corporate Auditor
      (Currently Representative Director, Executive Vice President, Board Director)

In addition, Executive Vice President, Board Director Shigeo Uoya will be appointed as Representative Director on April 1, 2007.

About Renesas Technology Corp.
Renesas Technology Corp. is one of the world’s leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets and the world’s No.1 supplier of microcontrollers. It is also a leading provider of LCD Driver ICs, Smart Card microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs, System-on-Chip (SoC), System-in-Package (SiP) and more. Established in 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503), Renesas Technology achieved consolidated revenue of 906 billion JPY in FY2005 (end of March 2006). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in around 20 countries with about 26,200 employees worldwide.