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TAKATA: Notice regarding resignation of representative director and executive role change

Takata Corporation today announced the resignation of representative director Stefan Stocker from his positions as President and COO, and a change to the role of Chairman and CEO Shigehisa Takada. 1. Reason for resignation and change in executive roles These changes have been made to further unify companywide initiatives to address the airbag safety issue, … Continued

Takata Corporation today announced the resignation of representative director Stefan Stocker from his positions as President and COO, and a change to the role of Chairman and CEO Shigehisa Takada.

1. Reason for resignation and change in executive roles

These changes have been made to further unify companywide initiatives to address the airbag safety issue, speed up decision making, and strengthen the Company’s response measures.

2. Details of executive role change
Name: Shigehisa Takada
New title: Representative Director, Chairman, President, CEO and COO
Former title: Representative Director, Chairman and CEO
Name: Stefan Stocker
New title: Director
Former title: Representative Director President and COO

3. Profile of Shigehisa Takada

New title: Representative Director, Chairman, President, CEO and COO
Date of birth: February 12, 1966
Background:
April 2004  Senior Executive Managing Officer
June 2007  Representative Director, President and COO
June 2013  Representative Director, Chairman and CEO
December 2014  Representative Director, Chairman, President, CEO and COO (current role)
(Shares held) 2,4

4. Effective date

December 24, 2014

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