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Announcement of Organizational and Personnel Changes Effective August 1, 2005
Kenwood Corporation (President & CEO: Haruo Kawahara; Head Office: Hachioji, Tokyo) is pleased to announce the implementation of the following organizational and personnel changes effective August 1, 2005.
||Principal Organizational Changes|
In regard with our second mid-term business plan, the "Value Creation Plan," the Company has newly established a "Business Accounting Department" (Level 2 Unit) under the Financial & Accounting Division in order to improve steady revenue generating bases and to reform corporate profit structures. With this, the Company's business management functions now dispersed in individual business divisions will be integrated and business management operations such as business planning, account closing per business, cost management, and management of affiliates will be reinforced and accelerated.
In addition, current Business Control & Administration Departments within each business divisions as well as the Financial Planning Office under the Financial & Accounting Division will be progressively dissolved.
||Changes in Executive Officers' Posts|
General Manager and Senior Manager, Business Accounting Dept. of Financial & Accounting Div.
General Manager and Senior Manager, Financial Planning Office of Financial & Accounting Div.
||Senior Manager, Financial Dept. of Financial & Accounting Div.
||Senior Manager, Financial Dept. and Accounting Dept. of Financial & Accounting Div.|
||Senior Manager, Accounting Dept. of Financial & Accounting Div.
||Dispatched to Kenwood Electronics Europe B.V.|
||Dispatched to Shanghai Kenwood Electronics Co. Ltd. (Vice President)
||Dispatched to Shanghai Kenwood Electronics Co. Ltd.|
|The Kenwood Corporation is "Reaching out to discover, inspire and enhance the enjoyment of life" as part of its bold, new vision for the future. A leader in "Mobile & Home Multimedia Systems", Kenwood comprises three business units (Car Electronics, Communications and Home Electronics) and 36 subsidiaries around the world.|
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Investor & Public Relations Office
Kenwood Corporation (Japan)
Updated September 27, 2005 (C) 2005 Kenwood Corporation