Skip to Main Contents

Yamaha Motor Announces Top Management Changes -New Directors and Executive Officers, Including President- 

December 22, 2009

When President, Chief Executive Officer and Representative Director Tsuneji Togami was admitted to a hospital for medical treatment, Managing Executive Officer and Representative Director Takaaki Kimura began serving as acting President on an emergency basis, effective December 4, 2009. In a Board of Directors Meeting on the morning of December 22, Yamaha Motor Co., Ltd. (the "Company") took action to reorganize the management system, which will include the change in the President's post. The Board's decision will take effect officially March 25, 2010. This reorganization will further the drive for structural reform, designed to rebuild the Company and strengthen the foundation for sustainable growth into the future.

Specifically, Tsuneji Togami will resign from his current position as President, Chief Executive Officer and Representative Director as of March 25, 2010, and he will be succeeded in the post by the current Senior Executive Officer, Hiroyuki Yanagi. Meanwhile, in forming a new management team, candidates have been selected to replace four Directors scheduled to resign. In addition, the plans call for changes in eight Executive Officer positions, with four new Executive Officers to be appointed, while one will resign.

Managing Executive Officer and Representative Director Takaaki Kimura will remain as acting President until March 25, 2010. On that date, the changes in Directors' posts are scheduled to be adopted officially in the Annual Meeting of Shareholders and approved in the Board of Directors Meeting to immediately afterward.

1.

New Director candidates (effective March 25, 2010)

Hiroyuki Yanagi

Director (current Senior Executive Officer, Senior General Manager of Motorcycle Business Section, Motorcycle Business Operations)
*Scheduled to assume the position of President, Chief Executive Officer and Representative Director

Yoshiteru Takahashi

Director (current Executive Officer, President of PT. Yamaha Indonesia Motor Manufacturing and President of PT. Yamaha Motor Manufacturing West Java)

Hiroyuki Suzuki

Director (current Executive Officer, Executive General Manager of Manufacturing Center)

Kozo Shinozaki

Director (current Senior General Manager of Finance & Accounting Control, Global Corporate Administrative Center and General Manager of Finance & Accounting Division, Global Corporate Administrative Center)

2.

Resignations of Directors (effective March 25, 2010)

Tsuneji Togami

Scheduled to assume the position of Advisor

Takashi Kajikawa

Scheduled to assume the position of Advisor

Tetsuo Uchiyama

Scheduled to assume the position of Advisor

Toru Watabiki

Scheduled to assume the position of Advisor

3.

Changes in positions of Executive Officers (effective March 25, 2010)

Hiroyuki Yanagi

President and Chief Executive Officer (current Senior Executive Officer, Senior General Manager of Motorcycle Business Section, Motorcycle Business Operations)

Takaaki Kimura

Senior Managing Executive Officer (current Managing Executive Officer, Chief General Manager of Marine Business Operations, Executive General Manager of Water Vehicle Business Unit, Marine Business Operations, and Chief General Manager of Automotive Business Unit)

Yoshiteru Takahashi

Managing Executive Officer (current Executive Officer, President of PT. Yamaha Indonesia Motor Manufacturing and President of PT. Yamaha Motor Manufacturing West Java)

Hiroyuki Suzuki

Senior Executive Officer (current Executive Officer, Executive General Manager of Manufacturing Center)

Nobuya Hideshima

Senior Executive Officer (current Executive Officer, Executive General Manager of Procurement Center)

Yoshiaki Hashimoto

Senior Executive Officer (current Executive Officer, Senior General Manager of General Affairs Control, Global Corporate Administrative Center and General Manager of Human Resources Development Division, Global Corporate Administrative Center)

Kunihiko Miwa

Senior Executive Officer (current Executive Officer, Senior General Manager of Commuter Vehicle Business Section, Motorcycle Business Operations, General Manager in charge of model development for Engineering Section, Motorcycle Business Operations, General Manager of 2nd Body Development Division, Engineering Section, Motorcycle Business Operations, and General Manager of Cost Innovation Division, Engineering Section, Motorcycle Business Operations)

Masahiro Takizawa

Senior Executive Officer (current Executive Officer, General Manager of Corporate Planning Division)

4.

New Executive Officer candidates (effective March 25, 2010)

Kozo Shinozaki

Senior Executive Officer (current Senior General Manager of Finance & Accounting Control, Global Corporate Administrative Center and General Manager of Finance & Accounting Division, Global Corporate Administrative Center)

Masato Adachi

Executive Officer (current President of Yamaha Motor Corporation, U.S.A.)

Masanori Kobayashi

Executive Officer (current Senior General Manager of PAS Business Development Section, Business Development Managing Unit)

Yoichiro Kojima

Executive Officer (current Executive General Manager of Marine Engine Business Unit, Marine Business Operations and General Manager of Overseas Marketing Division, Marine Engine Business Unit, Marine Business Operations)

Katsuaki Watanabe

Executive Officer (current Senior General Manager of Body Manufacturing Section, Manufacturing Center)

5.

Resignation of Executive Officer (effective March 25, 2010)

Takahiko Takeda

(current Executive Officer, Chairman of Yamaha Motor Commercial Trading (Shanghai) Co. Ltd.)

Abbreviation:

PAS: Power Assist System

Major business lines of the group companies referenced above:

PT. Yamaha Indonesia Motor Manufacturing:
   Manufacture and sale of motorcycles in Indonesia

PT. Yamaha Motor Manufacturing West Java:
   Manufacture of motorcycles in Indonesia

Yamaha Motor Corporation, U.S.A.:
   Import and sale of Yamaha Motor products in the U.S.

Yamaha Motor Commercial Trading (Shanghai) Co. Ltd.:
   Import, export and wholesale of Yamaha Motor products, and export of parts from China

President Tsuneji Togami's resignation address

I would like to apologize for the inconvenience to so many people that the recent turn of events has caused, with the management system changing once again, so soon after I was appointed as acting President.

Unfortunately, it seems my medical treatment will take longer than was originally expected. It now appears that I will be unable to return to work until the spring, and I strongly believe we cannot afford to delay our structural reform or let it stall. Thus, I have resolved to organize a new management team of young and capable staff. Moreover, I have implemented the decision before the process that will make it official, so that they can start on their vital work right away. I am convinced that the new team will take action to revitalize Yamaha Motor with bold group-wide efforts.

Senior Executive Officer Hiroyuki Yanagi's inauguration address

I am committed to fulfilling the great responsibilities of my new position as President of Yamaha Motor at this crucial moment for the Company, amid a very severe business climate. I will dedicate myself to implementing speedy structural reform, transforming the Company to greater profitability, and reaching our management goals, powered by the united efforts of all our employees.

I have spent most of my career in the manufacturing sector, including the management of our overseas subsidiaries in Europe and the United States. Like every other Yamaha Motor employee, it is my fervent desire to see the Company continue to shine as a great manufacturer into the future. As I carry out my duties and responsibilities, I will do everything within my power to realize that vision.

Back to
Top