Notice Regarding Appointment of Outside Directors and Outside Corporate Auditors

(PresseBox) ( Tokyo, Japan, )
Renesas Electronics Corporation (TSE: 6723) today announced the following changes in its Members of the Board and Corporate Auditors. These changes were approved at the Ordinary General Meeting of Shareholders on June 26, 2013 under Proposal #2 "Election of Two Directors Associated with Issuance of Shares for Subscription" and Proposal #3 "Election of One Corporate Auditor Associated with Issuance of Shares for Subscription", and became effective following the completion of payment, on September 30, 2013, for the issuance of new shares offered by way of third-party allotment to The Innovation Network Corporation of Japan (INCJ), Toyota Motor Corporation, Nissan Motor Co., Ltd., Keihin Corporation, Denso Corporation, Canon Inc., Nikon Corporation, Panasonic Corporation and Yaskawa Electric Corporation as expected allottees.

Newly appointed executives

Two outside Directors and one outside Corporate Auditor have joined Renesas' executive team from the Innovation Network Corporation of Japan as of October 1, 2013 to participate in Renesas' management with the aim of improving its corporate value.

New outside Directors
Haruyasu Asakura
Hidetoshi Shibata

New outside Corporate Auditor
Takeshi Sekine

(Reference) Renesas' executive team following the changes

Title / Name

Representative Director, Chairman and CEO Hisao Sakuta
Representative Director, President and COO Tetsuya Tsurumaru
Senior Vice President and Member of the Board Shigeo Mizugaki
Outside Director Haruyasu Asakura
Outside Director Hidetoshi Shibata
Outside Auditor Kazuki Fukuda
Outside Corporate Auditor (part-time) Yoichiro Yamakawa
Outside Corporate Auditor (part-time) Yoshinobu Shimizu
Outside Corporate Auditor (part-time) Takeshi Sekine
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