OREANDA-NEWS. In accordance with Article 370 of the Companies Act and Article 24 of the Articles of Incorporation of Asahi Kasei Corp., the Board of Directors of Asahi Kasei today adopted a resolution for a change in the Representative Directors of Asahi Kasei and its subsidiary Asahi Kasei Construction Materials Corp., as shown below.

Reason for the change

A new management configuration was deemed necessary to delineate management responsibility related to the precast concrete pile installation issue at Asahi Kasei Construction Materials, and to advance the recovery of trust in and the sustainable growth of the Asahi Kasei Group as a whole.

Substance of the change

1. Asahi Kasei Corp.

Name Current office New office
As of April 1, 2016 After the General Meeting of Shareholders in June 2016
Hideki Kobori Representative Director, Primary Executive Officer President & Representative Director, Presidential Executive Officer President & Representative Director, Presidential Executive Officer
Toshio Asano President & Representative Director, Presidential Executive Officer Director, Standing Counsellor Standing Counsellor
Masahito Hirai Representative Director,
Vice-Presidential Executive Officer		 Director, Asahi Kasei Homes Corp. Counsellor Asahi Kasei Homes Corp. Counsellor

2. Asahi Kasei Construction Materials Corp.

Name Current office New office
As of April 1, 2016
Masateru Sakai Director, Senior Executive Officer President & Representative Director, Presidential Executive Officer
Tomihiro Maeda President & Representative Director, Presidential Executive Officer Asahi Kasei Corp. Advisor to the President