Ibiden Names New President and CEO

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Japanese PCB maker IBIDEN Co. Ltd has named Koji Kawashima as the company’s new president and chief executive officer (CEO). He will succeed Takeshi Aoki, who will become the chairman of the board of the company.

The change will be formally approved at Ibiden’s 171st General Meeting of Shareholders, which will be held on June 13, 2024, and the Board of Directors meeting following the General Meeting of Shareholders.

The move was in line with the company’s five-year mid-term management plan, "Moving on to our New Stage 115 Plan" (MNS115 Plan), for the next leap forward. Under this plan, the entire group is working together to achieve sustainable growth by responding to changes in the business environment based on the following Five Pillars of Activities—capabilities to be strengthened—and fundamental activities as a manufacturing company. The Five Pillars include the “Power to Earn”, “Power to Grow”, “Power to Maintain”, “Power to Change”, and “Power to Sustainability”.

The executive management change is intended to further strengthen the competitiveness of the mainstay electronics business in preparation for market recovery and the launch of new plants in Ono and Gama under a new structure.