January 27, 2006

Executive Appointments

Sanken Electric Co., Ltd. ("the Company") announced today that its board of directors decided in its meeting held today the following executive appointments, effective as of April 1, 2006.

1. Representative Director and Chairman of the Board
    Yuji Morita (Currently serving the Company as Representative Director and President)
2. Representative Director and President
    Sadatoshi Iijima (Currently serving the Company as Director and Senior Corporate Officer, Production Headquarters)
3. Effective Date
    April 1, 2006
4. Background
  (1) During his seven-year tenure since he took the office in 1999, Yuji Morita has led the Company through a series of 2 Midterm Management Plans toward the goal of realizing a self-sustaining growth company; he placed into action such initiatives as profitability reforms by turning around underperforming operations, growth strategy centered around the business of cold cathode fluorescent lamps (CCFLs) for liquid crystal display (LCD) backlights, and closer collaborations among group companies. As a result of these actions, the Company has shown a recovery of its fortune in 2001 and achieved consecutive sales and profit growths.
  (2) Taking the historic opportunity of the Company's sixtieth anniversary of its founding this year, the Company decided to renew its executive leadership in order to accelerating its drive for a more growth and expansion-oriented operations and to pursue aggressive management, through such arrangements as delegation to the next generation of management talent the work of designing and implementing the new Midterm Management Plan to be started in April.
 
 
Profile of the New Chairman of the Board
  Name Yuji Morita
  Date of Birth October 27, 1941
  Age 64
  Place of Birth Saitama-ken, Japan
   
· Academic Background
  March 1964 Graduated from Musashi Institute of Technology,
School of Engineering,
Department of Electronics and Communication Engineering.
 
· Offices Held
  April 1964 Joined Sanken Electric Co., Ltd.
  June 1995 Director
  June 1997 Managing Director
  April 1998 Senior Managing Director
  June 1999 Representative Director and President
  April 2006 Representative Director and Chairman of the Board (to be)
 
 
Profile of the New President
  Name Sadatoshi Iijima
  Date of Birth October 5, 1948
  Age 57
  Place of Birth Tokyo, Japan
 
· Academic Background
  March 1971 Graduated from Musashi Institute of Technology,
School of Engineering,
Management Engineering Department.
 
· Offices Held
  April 1971 Joined Sanken Electric Co., Ltd.
  April 1993 General Manager Accounting Department
  January 1999 General Manager, Business Promotion Division, Power Supply Equipment Headquarters
  October 2000 General Manager, Production Division, Semiconductor Headquarters
  October 2002 Representative Director and President, P.T. Sanken Indonesia
  June 2003 Corporate Officer
  April 2005 Corporate Officer, Production Headquarters
  June 2005 Director and Senior Corporate Officer, Production Headquarters
  April 2006 Representative Director and President (to be)
Top of page
Copyright SANKEN ELECTRIC CO.,LTD.