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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