Epson Appointed New President And Announces Change of Representative Director

Seiko Epson Corporation (Epson) announced that a Meeting of its Board Of Directors had approved a change of representative director and the appointment of a new President.

Details of Change :

Mr. Minoru Usui previously working as President and Representative Director is now gets appointment as Director, Chairman. 

Mr. Yasunori Ogawa Director, Managing Executive Officer will now work as President and Representative Director.

Brief Career History Of New President :

Mr. Yasunori Ogawa, the new president Seiko Epson Corporation (Epson) studied at Tohoku University Graduate School and got Master's Degree from the School of Engineering. 

He started working with Seiko Epson Corporation in April 1988 and appointed as Chief Operating Officer, Visual Products Operations Division in April 2017. In June 2017 he appointed  as Executive Officer and then in June 2018 appointed as Director, Executive Officer. 

Mr.Yasunori Ogawa appointed General Administrative Manager, Technology Development Division (current position) in October 2018. 

In June 2019 appointed Director, Managing Executive Officer (current position) and now he appointed Chief Operating Officer, Wearable Products & Industrial Solutions Operations Segment (current position).

Number of Epson shares held  -  13,000 (as of December 31, 2019)

Reasons for change

In March 2019, Epson established its Phase 2 Mid-Range Business Plan aimed at achieving its Epson 25 Corporate Vision. By focusing on priority areas, we aim to respond to changes in the business environment and societal needs, and transition to a business capable of generating high profits.

In the fiscal year ending March 2019, we implemented reforms aimed at strengthening our business structure. In a tough business situation, we have promoted collaboration with partners and open innovation, and have developed and launched original products and services aimed at ensuring future growth.

Going forward we expect significant and ongoing changes to our business environment. Under the leadership and new perspective of Mr. Ogawa we will respond flexibly and rapidly to changes as we seek to improve our corporate value over the medium- and long terms.

Date of appointment - April 1, 2020