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Empresas y finanzas

Toshiba Memory Corporation Announces Merger with K. K. Pangea andAppointment of New Directors, Executive Officers and Statutory Auditors


    - 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 FLASHâ„¢, 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

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005346/en/