Notification of personnel change of Representative Director, President and Chief Executive Officer
Ricoh Company, Ltd. announces a personnel change of Representative Director, President and Chief Executive Officer as approved by the Meeting of the Board of Directors held today, February 22, 2013.
|1.||Background of the change|
|Since Mr. Kondo became president of Ricoh in 2007, the company, under his leadership, has been fully engaged in creating customer value through expanding its business domain from office equipment to production printing and other new businesses including MDS and IT Services, while actively globalizing through strategic acquisitions. At the same time, Ricoh was adversely affected by a series of major events such as the global financial crisis in 2008, the March 2011 Earthquake and Tsunami in Japan and the floods in Thailand the same year. Even under such extreme circumstances, the Ricoh Group pursued vigorous measures including extensive structural reforms to reinvigorate the business. In the spirit of these initiatives and to further bolster the business and reinforce the earnings structure, the company is announcing a series of changes at the top.|
|2.||Content of the decision|
|Personnel change of Representative Director, President and Chief Executive Officer
Mr. Masamitsu Sakurai will resign as Chairman of the board and will be appointed as Executive Adviser as of April 1, 2013.
February 22, 2013
Ricoh Company, Ltd.
Information in the news releases is true and accurate at the time of publication.
Manufacture, sales, price and specifications of products may be subject to change.