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Changes to Governance and Executive Structures and Directors and Executive Officers


WEBWIRE

Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) hereby announces that it has reevaluated and made the following changes to the positioning of its Board of Directors and Corporate Management Committee (in accordance with these changes written below, the English name of the Corporate Management Committee will be changed to “Executive Committee” as of April 1, 2024). The appointment of Directors and Executive Officers under the new governance and executive structures were approved at the Board of Directors’ meeting held on January 12, 2024.

I. Changes to the Board of Directors

Following the Ordinary General Meeting of Shareholders scheduled on June 19, 2024, the number of Directors will be reduced from 15 to 12 (*). The aim of this change is to establish a personnel composition that will enable the Board to engage in deeper and more effective deliberations, while the Board’s primary focus will remain on management oversight by the Directors. The number of External Directors will remain unchanged at six.

*This change is conditional on the approval of a motion to appoint Directors at the Ordinary General Meeting of Shareholders.

II. Changes to the Executive Structure

We have reviewed our executive structure with the purpose of allowing a more agile response to an increasingly complex business environment and surrounding risks, and to ensure the steady realization of our management strategies. By reaffirming the role of the Executive Committee as our management leadership team, we aim to achieve further increase in corporate value and growth of the Mitsui & Co. group. In addition, as of April 1, 2024, we will newly establish the position of General Counsel, who will serve as a member of the Executive Committee. Executive Committee members will take the lead in developing networks with greater depth and breadth across multiple regions and industries as delegates of the CEO, and execute management strategies through organic collaboration among our business units, regional units, and corporate units.

Please see the attached “List of Executive Committee Members” for the members as of April 1, 2024.

III. Changes of Directors and Executive Officers

Resolutions regarding the appointment of Executive Officers as of April 1, 2024, and candidates for Directors to be submitted for approval at the Ordinary General Meeting of Shareholders and the Board of Directors’ meeting scheduled on June 19, 2024, have been adopted as provided in the attached “Changes of Directors and Executive Officers”.

 

The information contained in this release is true and accurate at the time of publication; however, it may be subject to change without prior notice.


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