Bangalore, April 7, 2020 – 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.

  1. Details of change
NameNew positionPrevious position
Mr. Minoru UsuiDirector, ChairmanPresident and Representative Director
Mr. Yasunori OgawaPresident and Representative DirectorDirector, Managing Executive Officer

2.       Brief career history of new president

NameMr. Yasunori Ogawa
Date of birthApril 11, 1962
Place of birthAichi Prefecture, Japan
EducationMaster’s Degree from the School of Engineering, Tohoku University Graduate School
Brief career historyApril 1988Joined Seiko Epson Corporation
April 2017Appointed Chief Operating Officer, Visual Products Operations Division
June 2017Appointed Executive Officer
June 2018Appointed Director, Executive Officer
October 2018Appointed General Administrative Manager, Technology Development Division (current position)
June 2019Appointed Director, Managing Executive Officer (current position)
Appointed Chief Operating Officer, Wearable Products & Industrial Solutions Operations Segment (current position)
Number of Epson shares held13,000 (as of December 31, 2019)

3.       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.

4.       Date of appointment – April 1, 2020

For more information please visit at: global.epson.com/