GA technologies : Notice on the Appointment of Director Candidates

12/15/2021 | 01:29am EDT

December 15, 2021

Press Release

Company name:	GA technologies Co., Ltd.
Representative:	Ryo Higuchi,
President and Chief Executive Officer

	(Code No.: 3491, Tokyo Stock Exchange Mothers)
Inquiries:	Satoshi Matsukawa,
	Executive Officer and Chief Accounting Officer
	(Telephone: +81-3-6230-9180)

Notice on the Appointment of Director Candidates

GA technologies Co., Ltd. ("the Company") decided on Director candidates, including those for Director serving on the Audit & Supervisory Committee, at a Board of Directors meeting on December 15, 2021. These candidates will be proposed for appointment at the 9th Ordinary General Meeting of Shareholders scheduled for January 27, 2022.

As part of our ESG efforts, the Company has reviewed the Board of Directors composition and decided to clearly separate the division of roles between management oversight and business execution. In addition, with the aim of enhancing the governance function of the Board of Directors, the Company has established a system under which the independent outside directors will make up the majority of the Board. Specifically, the Board of Directors will change from the previous format of eight directors (four internal and four outside directors) to eight directors (three internal and five outside directors).

1. Director candidates (not including candidates serving on the Audit & Supervisory Committee)

Name	Type	Current position
Ryo Higuchi	Reappointment	President and Chief Executive Officer
Fumio Sakurai	New appointment	Vice President and Executive Officer
Dai Higuchi	Reappointment	Director and Managing Executive Officer
Ken Kutaragi	Reappointment /	Outside Director
	Outside candidate
Piotr Feliks Grzywacz	New appointment /	－
	Outside candidate

2. Profiles of director candidates (not including candidates serving on the Audit & Supervisory Committee)

Name		Profile
Fumio Sakurai	Apr 1982	Joined Mitsui Fudosan Sales Co., Ltd. (currently Mitsui Fudosan Realty
(Born February 15, 1959)		Co., Ltd.)
	Apr 2001	General Manager of the Corporate Planning Department, Corporate
		Management Division and President of the company and Representative
		Director of Real Estate Infomedia Co., Ltd.
	Apr 2007	Managing Officer, General Manager of the Corporate Planning Division of
		Mitsui Fudosan Sales Co., Ltd.
	Apr 2011	Managing Director and Executive Managing Officer, and General Manager
		of the Repark Business Division
	Apr 2012	Director and Executive Managing Officer, General Manager of the
		Business Operations Department, Housing Distribution Management
		Division, and President and Representative Director of Rehouse Loan
		Service Co., Ltd.
	Apr 2016	Director, Executive Managing Officer, General Manager of Corporate Sales
		Division and General Manager of Residential Lease Business Division of
		Mitsui Fudosan Realty Co., Ltd.
	Apr 2018	Director, Senior Executive Managing Officer, and General Manager of
		Residential Lease Business Division
Piotr Feliks Grzywacz	Jul 2002	Responsible for Human Resources Development Consulting and New
(Born February 11, 1975)		Business at Berlitz Japan, Inc.
	Jun 2006	Vice President of Organizational Development at Morgan Stanley
		Securities (currently Morgan Stanley MUFG Securities)
	Dec 2011	Asia Pacific Head of People Development at Google Japan G.K.
	Apr 2014	Responsible for Learning Strategy
	Jun 2015	CEO of Pronoia Group (current)
	Apr 2016	Director and Co-founder, Motify Co., Ltd.
	Jun 2019	Director, TimeLeap Inc. (current)

3. Director candidates serving on the Audit & Supervisory Committee

Name	Type	Current position
Tomohisa Matsuba	Reappointment /	Outside Director and Audit & Supervisory
	Outside candidate	Committee Member
Toshiro Kuwahara	New appointment /	－
	Outside candidate
Saori Sato	New appointment /	－
	Outside candidate

4. Profiles of the new Director candidates serving on the Audit & Supervisory Committee

Name		Profile
Toshiro Kuwahara	Apr 1978	Joined Sumitomo Bank
(Born April 12, 1954)	Apr 2001	Planning Department General Manager at Sumigin Finance Co., Ltd.
	May 2005	Corporate Planning Department General Manager at SMBC Finance
		Service Co., Ltd.
	Jun 2006	Executive Officer and Corporate Planning Department General Manager
	Jun 2007	Director and Managing Executive Officer in charge of the Corporate
		Planning Department
	Jul 2010	Director and Managing Executive Officer in charge of the Corporate
		Planning and System Departments
	Mar 2012	Director and Senior Managing Executive Officer in charge of the Corporate
		Planning Department and System Department
	Apr 2012	Director and Senior Managing Executive Officer in charge of the Corporate
		Planning Department and Risk Management Department
	Oct 2012	Representative Director and Senior Managing Executive Officer
	Mar 2017	Full-time Audit & Supervisory Board Member, ENERES Co., Ltd.
Saori Sato	Jan 2009	Joined Kings Know Inc.
(Born July 28, 1989)	Feb 2016	Joined Deloitte Touche Tohmatsu LLC
	Sep 2019	Transferred to Deloitte Tohmatsu Tax Co.
	Sep 2020	Established Saori Sato Certified Accountant Office and Saori Sato Tax
		Accountant Office
	Jan 2021	Joined Family Corporation Co., Ltd.
	November 2021 Retired from Family Corporation Co., Ltd.

5. Retiring Directors (not including those serving on the Audit & Supervisory Committee)

Name	Current position
Masashi Shimizu	Senior Managing Director
Yoshihisa Fujihara	Director

Masashi Shimizu is scheduled to retire as directors at the conclusion of the 9th Ordinary General Meeting of Shareholders to be held on January 27, 2022. However, they will continue to be involved in the management of the Group.

6. Retiring Directors (those serving on the Audit & Supervisory Committee)

Name	Current position
Kazuto Nakajima	Outside Director and Full-time Audit & Supervisory Committee Member
Yuko Saruwatari	Outside Director and Audit & Supervisory Committee Member

Reference: List of Directors (not including those serving on the Audit & Supervisory Committee) and Directors on the Audit & Supervisory Committee

Name	Current position
Ryo Higuchi	President and Chief Executive Officer
Fumio Sakurai	Director, Vice President and Executive Officer
Dai Higuchi	Director and Managing Executive Officer
Ken Kutaragi	Outside Director
Piotr Feliks Grzywacz	Outside Director
Tomohisa Matsuba	Outside Director and Audit & Supervisory Committee Member
Toshiro Kuwahara	Outside Director and Audit & Supervisory Committee Member
Saori Sato	Outside Director and Audit & Supervisory Committee Member

These appointments will be formally decided by the 9th Ordinary General Meeting of Shareholders to be held on January 27, 2022, and the subsequent Board of Directors meeting.

Attachments

Disclaimer

GA Technologies Co. Ltd. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 06:28:13 UTC.

GA TECHNOLOGIES CO., LTD.

GA technologies : Notice on the Appointment of Director Candidates

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