OREANDA-NEWS. Sumitomo Metal Mining Co., Ltd. today announced its decision to increase the number of outside directors to three for the purposes of further strengthening the Company’s corporate governance, and as its new outside director selected the candidate described below at a meeting of its Board of Directors.

1. Candidate for new outside director
Mr. Kazuhisa Nakano

2. Reasons for candidacy as outside director

The Company has decided to increase its independent outside directors from two to three in order to further strengthen its corporate governance with the aims of further enhancing transparent and sound management practices and increasing the corporate value of the Company.

With a wealth of management experience gained at Idemitsu Kosan Co., Ltd, Mr. Kazuhisa Nakano possesses a high level of knowledge and wisdom as a director. As he can be expected to fulfill the role of outside director by leveraging this experience, knowledge, and wisdom, the decision was made to present him as a candidate to be an outside director.

3. Biography of new outside director candidate

Name: Kazuhisa Nakano
Date of birth: January 4, 1948
Professional Experience:
April 1971 Joined Idemitsu Kosan Co., Ltd
April 2003 Became Executive Officer, General Manager of Personnel Department
June 2004 Became Director
June 2005 Became Managing Director
June 2007 Became Representative Director, Executive Vice President 2
June 2009 Became Representative Director, President
June 2013 Became Representative Director, Chairman
June 2015 Became Advisor
As of February 2016 Advisor of Idemitsu Kosan Co., Ltd.