Notice Concerning Changes in Executive Management Structure and Personnel

News Release Organization

[Translation]

The Board of Directors of Toyota Industries Corporation (President: Akira Onishi; “Toyota Industries”) resolved at a meeting held on April 26, 2019 to make changes to its executive management structure and personnel as described below. The changes will be effective as of June 11, 2019.
Meanwhile, Directors and Audit and Supervisory Board Members will be officially appointed following resolutions at the 141st Ordinary General Meeting of Shareholders and the Board of Directors meeting held on June 11, 2019.

1. Changes in the Executive Management Structure

To further accelerate decision making and business executions, Toyota Industries will divide "Managing Officer" into "Senior Executive Officer" and "Executive Officer", also clarify each role. “Senior Executive Officer” will be responsible for managing from a company-wide perspective on business operation and “Executive Officer” will be responsible for executing respective business sections and assisting top management.
Executive management will include Chairman, President, Executive Vice Presidents, Directors, Senior Executive Officers, and Audit and Supervisory Board Members, which will reduce the number of the current 44 to 18.

2. Changes in Executive Management

1) New Outside Audit and Supervisory Board Member

NameNew titleNotes
Masanao Tomozoe Outside, Independent Audit and
Supervisory Board Memberr
President & CEO
Central Japan
International Airport Co.,Ltd.

2) Retiring Outside Audit and Supervisory Board Member

NameCurrent titleNotes
Takahiko Ijichi Outside, Independent Audit and
Supervisory Board Member

3) New Senior Executive Officer

NameNew titleCurrent title
Koichi Ito Senior Executive Officer Managing Officer

4) Retiring Senior Managing Officer

NameCurrent titleNotes
Junichi Harada Senior Managing Officer Appointed to be
a Senior Technical Executive

3. New Executive Management Structure

1) Board of Directors <*1 Representative Directors>

NameTitle
*1 Tetsuro Toyoda Chairman of the Board
*1 Akira Onishi President, Member of the Board
*1 Kazue Sasaki Executive Vice President, Member of the Board
*1 Takuo Sasaki Executive Vice President, Member of the Board
Taku Yamamoto Director, Member of the Board
Yojiro Mizuno Director, Member of the Board
Yuji Ishizaki Director, Member of the Board
Shuzo Sumi Outside, Independent Director, Member of the Board
Kenichiro Yamanishi Outside, Independent Director, Member of the Board
Mitsuhisa Kato Outside Director, Member of the Board

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

NameTitle
Shinya Furukawa Full-Time Audit and Supervisory Board Member
Toshifumi Ogawa Full-Time Audit and Supervisory Board Member
Akihisa Mizuno Outside, Independent Audit and Supervisory Board Member
*2 Masanao Tomozoe Outside, Independent Audit and Supervisory Board Member
Jun Takeuchi (Substitute Audit and Supervisory Board Member)

3) Senior Executive Officers <*3 newly appointed>

NameTitle
Toshifumi Onishi Senior Executive Officer
Taku Yamamoto Senior Executive Officer, Member of the Board
Keiichi Fukunaga Senior Executive Officer
Yojiro Mizuno Senior Executive Officer, Member of the Board
Yuji Ishizaki Senior Executive Officer, Member of the Board
Masahiro Kawaguchi Senior Executive Officer
*3 Koichi Ito Senior Executive Officer

4. Changes in Executive Officer

1) New Executive Officers

NameNew titleCurrent title
Masanori Shirahama

Executive Officer

Senior Technical Executive
Keitaro Hara

Executive Officer

Deputy General Manager
Corporate Planning Dept.,
Corporate Headquarters
Shinya Mizutani

Executive Officer

General Manager
Sales Dept.,
Textile Machinery Division

2) Retiring Managing Officers

NameCurrent titleNotes
Yukihisa Tsuchimoto Managing Officer Appointed to be a President
of Tokaiseiki Co., Ltd.
Takashi Ito Managing Officer Appointed to be
a Senior Technical Executive
Toshiya Yamagishi Managing Officer Appointed to be
a Senior Managing Director
of Aichi Corporation
Masafumi Kunito Managing Officer Appointed to be a President
of Tokyu Co., Ltd.

5. Changes in Senior Technical Executive

1) New Senior Technical Executives

NameNew titleCurrent title
Junichi Harada Senior Technical Executive Senior Managing Officer
Takashi Ito Senior Technical Executive Managing Officer

2) Retiring Senior Technical Executives

NameCurrent titleNotes
Masanori Shirahama Senior Technical Executive Appointed to be an Executive Officer
Kan Otsuka Senior Technical Executive