Notice Concerning Modification of Management Structure, Change of Representative Directors, Executives and Managing Officers

News Release Organization

[Translation]

At the meeting held on April 28, 2016, the board of directors of Toyota Industries Corporation (TICO) resolved on its modification of management structure and personnel change regarding its representative directors, executives and managing officers.
It will take effect after the resolution of the 138th Ordinary General Meeting of Shareholders and the Board of Directors meeting held on June 10, 2016.

Ⅰ.Modification of Management Structure

TICO will modify its management structure designed to strengthen corporate governance.
Specifically, it will divide and clarify the role of “Director”, who is responsible for the management (decision-making and supervision), and “Managing Officer”, who is responsible for the execution of business operations. It follows that the “Senior Managing Director" will be eliminated.
*1 “Managing Officer” is composed by both “Senior Managing Officer (new)” and “Managing Officer (new)”.
*2 A formal decision will be made pending approval by the Ordinary General Meeting of Shareholders, held on June 10, 2016.

Ⅱ.Change of Executives and Managing Officers

1.Change of Representative Director
1)New Representative Director

Name New title Current title
Masaharu Suzuki Executive Vice President,
Member of the Board and Representative Director
Senior Managing Director
Career summary of the new Representative Director
Name Masaharu Suzuki
Date of birth February 15, 1954 (age: 62)
Career summary April 1976 Joined the Company
June 2008 Managing Officer of the Company
June 2011 Senior Managing Director of the Company
Shareholding 54,460

2.Change of Executives
1)Retiring Directors

Name Current title
Hirotaka Morishita Executive Vice President, Member of the Board and
Representative Director
Norio Sasaki Senior Managing Director
Toshifumi Ogawa Senior Managing Director
Toshifumi Onishi *1 Senior Managing Director
Takaki Ogawa Director
Keiichi Fukunaga *1 Director
*1 “Senior Managing Officer (new)” (appointed, as indicated below)

2)Director with Title Change

Name New title Current title
Takuo Sasaki Senior Managing Officer (new),
Member of the Board
Senior Managing Director

3.Change of Audit and Supervisory Board Members
1)New Audit and Supervisory Board Member

Name Current title
Toshifumi Ogawa Senior Managing Director

2)Retiring Audit and Supervisory Board Member

Name Current title
Kakuo Ishikawa Audit and Supervisory Board Member

3)New Outside Audit and Supervisory Board Member

Name Current title
Akihisa Mizun Chairman of the Board of Directors, Chubu Electric Power Co.,Inc.

4)Retiring Outside Audit and Supervisory Board Member

Name Current title
Toshio Mita Outside Audit and Supervisory Board Member

4.Change of Managing Officers
1)Senior Managing Officers (new)

Name New title Current title
Takuo Sasaki Senior Managing Officer (new),
Member of the Board
Senior Managing Director
Toshifumi Onishi Senior Managing Officer (new) Senior Managing Director
Kan Otsuka Senior Managing Officer (new),
Member of the Board
Director
Taku Yamamoto Senior Managing Officer (new),
Member of the Board
Director
Keiichi Fukunaga Senior Managing Officer (new) Director

2)Managing Officers (new)

Name New title Current title
Yukihisa Tsuchimoto Managing Officer (new) Senior Managing Officer
Takashi Ito Managing Officer (new) Senior Managing Officer
Toshiya Yamagishi Managing Officer (new) Managing Officer
Junichi Harada Managing Officer (new) Managing Officer
Mikihiko Okamoto Managing Officer (new) Managing Officer
Yojiro Mizuno Managing Officer (new) Managing Officer
Masahiro Kawaguchi Managing Officer (new) Managing Officer
Yuji Ishizaki Managing Officer (new) Managing Officer
Keizo Hara Managing Officer (new) Managing Officer
Kiyotsugu Kurimoto Managing Officer (new) Managing Officer
Masafumi Kunito Managing Officer (new) Managing Officer
Toshihiko Shimizu Managing Officer (new) Managing Officer
Koichi Ito Managing Officer (new) Managing Officer
Yasushi Kawai Managing Officer (new) Managing Officer
Hiroaki Kayukawa Managing Officer (new) Managing Officer
Toru Inagawa Managing Officer (new) Managing Officer
Hiroshi Matsumoto Managing Officer (new) Managing Officer
Kota Otoshi Managing Officer (new) Managing Officer
Norio Wakabayashi Managing Officer (new) Managing Officer
Kazunari Masuoka Managing Officer (new) Managing Officer
Kazunari Kumakura *2 Managing Officer (new) General Manager
Purchasing Dept., Engine Div.
Hiroaki Matsuda *2 Managing Officer (new) General Manager
Manufacturing Dept. No.2,
Compressor Div.
Hisashi Ichijo *2 Managing Officer (new) General Manager
Engineering Dept. No.2,
R&D Headquarters
*2 newly appointed member

3)Retiring Managing Officers

Name Current title
Hiroaki Asai Senior Managing Officer
Kazuyuki Yamaguchi Managing Officer

(For your reference) New Management Structure
As a result of the foregoing changes, the Company's new management structure as of June 10, 2016 will be as follows.

1)Board of Directors < *3 Representative Directors *4 promoted >

Name Title
*3 Tetsuro Toyoda Chairman of the Board
*3 Akira Onishi President, Member of the Board
*3 Kazue Sasaki Executive Vice President, Member of the Board
*3 Shinya Furukawa Executive Vice President, Member of the Board
*3*4 Masaharu Suzuki Executive Vice President, Member of the Board
Takuo Sasaki Senior Managing Officer (new), Member of the Board
Kan Otsuka Senior Managing Officer (new), Member of the Board
Taku Yamamoto Senior Managing Officer (new), Member of the Board
Shuzo Sumi Outside, Independent Director
Kenichiro Yamanishi Outside, Independent Director
Mitsuhisa Kato Outside Director

2)Audit and Supervisory Board Members < *5 appointed >

Name Title
*5 Toshifumi Ogawa Full-Time Audit and Supervisory Board Member
Kohei Nozaki Full-Time Audit and Supervisory Board Member
Hans-Juergen Marx Outside, Independent Audit and Supervisory Board Member
Takahiko Ijichi Outside Audit and Supervisory Board Member
*5 Akihisa Mizuno Outside, Independent Audit and Supervisory Board Member

3)Managing Officers < *5 appointed >

Name Title
Takuo Sasaki Senior Managing Officer (new), Member of the Board
Toshifumi Onishi Senior Managing Officer (new)
Kan Otsuka Senior Managing Officer (new), Member of the Board
Taku Yamamoto Senior Managing Officer (new), Member of the Board
Keiichi Fukunaga Senior Managing Officer (new)
Yukihisa Tsuchimoto Managing Officer (new)
Takashi Ito Managing Officer (new)
Toshiya Yamagishi Managing Officer (new)
Junichi Harada Managing Officer (new)
Mikihiko Okamoto Managing Officer (new)
Yojiro Mizuno Managing Officer (new)
Masahiro Kawaguchi Managing Officer (new)
Yuji Ishizaki Managing Officer (new)
Keizo Hara Managing Officer (new)
Kiyotsugu Kurimoto Managing Officer (new)
Masafumi Kunito Managing Officer (new)
Toshihiko Shimizu Managing Officer (new)
Koichi Ito Managing Officer (new)
Yasushi Kawai Managing Officer (new)
Hiroaki Kayukawa Managing Officer (new)
Toru Inagawa Managing Officer (new)
Hiroshi Matsumoto Managing Officer (new)
Kota Otoshi Managing Officer (new)
Norio Wakabayashi Managing Officer (new)
*5 Kazunari Kumakura Managing Officer (new)
*5 Hiroaki Matsuda Managing Officer (new)
*5 Hisashi Ichijo Managing Officer (new)