Konica Minolta will propose a restructure of its Board of Directors at the company's Ordinary General Meeting of Shareholders in June; under new structure, Chikatomo Kenneth Hodo, an outside director, will assume the position of Chairman of the Board

TOKYO , February 25, 2022 (press release) –

Konica Minolta, Inc. (Konica Minolta) announced the new structure for its members of the Board of Directors to be proposed at its Ordinary General Meeting of Shareholders in June 2022.

Under the new structure, for the first time in Konica Minolta, an outside director will assume the position of Chairman of the Board and outside directors account for majority of the Board of Directors. It aligns the company’s initiatives to build and further advance a highly transparent system of governance that maintains a clear separation between supervisory and executive functions.

Chikatomo Kenneth Hodo was nominated for Chairman of the Board, because he has extensive experience as outside director, including for companies with three committees that is the same structure as Konica Minolta’s, obtains in-depth understanding in the governance of the company, and is the right person to lead the operation of the Board of Directors aiming to “improve corporate value by promoting digital transformation (DX).”

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