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Yamaha Motor: Announcement of Personnel Changes in the Office of Executive Officers

December 27, 2017

IWATA, December 27, 2017 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced the following personnel changes affecting Directors and Executive Officers approved at today’s Board of Directors Meeting. These changes except Representative Directors will be effective following official approval at the Board of Directors Meeting to be held immediately after the Ordinary General Meeting of Shareholders scheduled for the end of March, 2018.

Changes Affecting Representative Director (effective January 1, 2018)

(Name) (New position) (Current position)
Hiroyuki Yanagi Chairman and Representative Director President, Chief Executive Officer and Representative Director
Yoshihiro Hidaka President, Chief Executive Officer and Representative Director Senior Executive Officer and Director,
Chief General Manager of Corporate Planning & Finance Center
Katsuaki Watanabe Executive Vice President and Representative Director Managing Executive Officer and Director,
Chief General Manager of Motorcycle Business Operations
Takaaki Kimura Executive Vice President and Director Executive Vice President and Representative Director,
Chief General manager of Marine Business Operations

* Changes of the President has been announced on November 2nd, 2017.

Changes Affecting Director (around late March, 2018)

1. New Director candidates
Tatsumi Okawa Current Executive Officer, President of Yamaha Motor Corporation, U.S.A.
* scheduled to be Chief General Manager of Corporate Planning & Finance Center (January 1, 2018)
Takehiro Kamigama (outside)
2. Resignations of Director (around late March, 2018)
Takaaki Kimura Current Executive Vice President and Representative Director,
Chief General manager of Marine Business Operations
Masahiro Takizawa Current Managing Executive Officer and Director,
Chief General Manager of New Business Development Center, and Senior General Manager of New Venture Business Development Section, New Business Development Center
Tamotsu Adachi (outside)

Changes Affecting Executive Officers

3. Changes in positions of Executive Officers (around late March, 2018)
Tatsumi Okawa Senior Executive Officer (current Executive Officer, President of Yamaha Motor Corporation, U.S.A.)
* scheduled to be Chief General Manager of Corporate Planning & Finance Center (January 1, 2018)
Kazuhiro Kuwata Senior Executive Officer (current Executive Officer, President of Yamaha Motor Europe N.V.)
* scheduled to be President of Yamaha Motor Corporation, U.S.A. (January 1, 2018)
Hirofumi Usui Senior Executive Officer (current Executive Officer, Senior General Manager of Marine Business Section, Marine Business Operations)
* scheduled to be Chief General Manager of Marine Business Operations, and Executive General Manager of Marine Business Unit, Marine Business Operations (January 1, 2018)
4. New Executive Officers candidates (around late March, 2018)
Takeo Noda Current Executive General Manager of 1st Business Unit, Motorcycle Business Operations
  * scheduled to be Deputy Chief General Manager of Corporate Planning & Finance Center (January 1, 2018)
Takuya Kinoshita Current Senior General Manager of Total Strategy Section, Motorcycle Business Operations
* scheduled to be Chief General Manager of Motorcycle Business Operations, and Senior General Manager of New Value Business Development Division, Motorcycle Business Operations (January 1, 2018)
Toshiaki Ibata Current Executive General Manager of Boat Business Unit, Marine Business Operations
Toyoshi Nishida Current Senior General Manager of PF Model Development Section, PF Model Unit
* scheduled to be Chief General Manager of PF Model Unit, and Senior General Manager of PF Model Development Section, PF Model Unit (January 1, 2018)
Hiroyuki Ota Current Executive General Manager of IM Business Unit, Vehicle & Solution Business Operations, and
Senior General Manager of Surface Mount Technology Section, IM Business Unit, Vehicle & Solution Business Operations, and General Manager of Quality Assurance Division, IM Business Unit, Vehicle & Solution Business Operations
* scheduled to be Executive General Manager of Robotics Business Unit, Solution Business Operations, and
Senior General Manager of Surface Mount Technology Section, Robotics Business Unit, Solution Business Operations, and
General Manager of Quality Assurance Division, Robotics Business Unit, Solution Business Operations (January 1, 2018)
Itaru Otani Current President of Yamaha Motor do Brasil Ltda., and
President of Yamaha Motor da Amazonia Ltda.
5. Resignations of Executive Officers (around late March, 2018)
Masaru Ono Current Executive Officer, Chief General Manager of CS center
Masaki Asano Current Executive Officer, Managing Director of Yamaha Motor India Sales Pvt. Ltd.

Abbreviations;
・ PF = Platform
・ CS = Customer Service

Main businesses of the group companies referenced above;
・ Yamaha Motor Corporation, U.S.A.: Import and sales of Yamaha Motor products in the U.S.A
・ Yamaha Motor Europe N.V.: Import and sales of Yamaha Motor products in the Netherlands, marketing of Yamaha Motor products in Europe, product development, finance and other businesses
・ Yamaha Motor do Brasil Ltda.: Import and sales of motorcycles, outboard motors, all-terrain vehicles, generators and other products in Brazil
・ Yamaha Motor da Amazonia Ltda.: Manufacture and sales of motorcycles and outboard motors in Brazil
・ Yamaha Motor India Sales Pvt. Ltd.: Sales of motorcycles and related parts in India

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