APPOINTMENTS
Konica Minolta appoints new President and CEO

Konica Minolta, Inc. (Konica Minolta) announced Toshimitsu Taiko to be the new President & CEO, Representative Executive Officer, effective April 1, 2022, with the resolution adopted at the Board of Directors meeting held on February 24, 2022. He succeeds Shoei Yamana, who becomes executive chairman.

In a press statement issued by the company it said, “Since the Covid-19 outbreak in 2020, people's values and behavioral changes have progressed, and the business environment surrounding the company has changed dramatically.”

“Turning around the Office and Production Print Businesses, as the company’s core businesses, as soon as possible, and further enhancing the Industry Business that drives earnings generation, Healthcare Business and Industrial Business are an urgent management issue. In order to complete the medium-term business portfolio transformation and simultaneously resolve short-term issues, it is necessary to further strengthen execution capabilities and accelerate it.”

Speaking about his new role, Taiko said, “With the appointment of President & CEO, Representative Executive Officer, I feel so humbled by the great responsibilities in leading the company. After the integration of Konica and Minolta in 2003, I joined the executive team and have walked through Konica Minolta's history. Konica Minolta has anticipated changes in society, transformed its business portfolio, and created social values. Today, again in the midst of the transformation, there is no change in our philosophy to deliver socially meaningful value on the basis of our sublime technological capabilities.”

Taiko adds, “Until FY2025, we will complete the transformation of our business portfolio. At the same time, I will listen sincerely to the opinions of our stakeholders, including customers, employees, communities, stockholders, and business partners, and improve Konica Minolta's corporate value through dialogue. The company has strengthened its sustainability. We believe contributing to the realization of a sustainable society where everyone can live with a purpose is the only way to achieve the sustainable growth of the company.”

The company believes that stakeholders expect the company to vigorously promote the business portfolio transformation envisioned in the long-term vision and Medium-term Business Plan and put itself back on a growth track.

Toshimitsu Taiko has led the Business Technologies Business, the mainstay of Konica Minolta, including management at overseas subsidiaries. During that time, Taiko put the new businesses on a steady track and maintained existing businesses, while bringing together complex organizations. Since FY2020, as Senior Executive Vice President and Executive Officer, Taiko has been responsible for corporate planning, investor relations and corporate communications, and committed to steering management from a company-wide perspective by devising and implementing long-term visions and Medium-term Business Plan and engaging with stakeholders.

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